5 Star SWD, LLC (5 Star) would like to announce that it has officially secured its second SWD facility location in the Eagle Ford Shale. 5 Star has already begun construction on the new facility which will be called, 5 Star Whitsett SWD. This new facility is located in the heart of the Eagle Ford Shale play right off of Interstate 37 in Three Rivers, Texas and is expected to be open for business in the first quarter of 2015. 5 Star Whitsett SWD is expected to be one of 5 Star’s larger SWD facilities with permitted injection capacity of 25,000 BOPD.
“We are extremely excited to have secured such a premier location in the Eagle Ford Shale for our second SWD Facility. This location is especially attractive to trucking companies due to its incredibly easy ingress and egress access from I37. Due to the size of the acreage block we secured, we were able to acquire a larger injection capacity permit from the Texas Railroad Commission. In turn, we expect 5 Star Whitsett SWD to be one of our larger and more profitable facilities,” stated Waylan Johnson, President of 5 Star.
Mr. Johnson further stated,“We feel very fortunate and proud to have covered so much ground in the SWD marketplace in just the short amount of time that 5 Star has been up and running. We are already receiving a very welcoming response from Eagle Ford area operators and industry partners and believe it is due to our team’s innate ability to select and acquire such quality locations. We look forward to continuing 5 Star’s expansion of SWD facilities throughout the Eagle Ford and Eaglebine plays.”
5 Star’s approach to the SWD space has been carefully calculated based on area specific logistics, geology and engineering. Additionally, its management team has been working directly with some of the major players to strategize locations which best suit their needs. From location to facility design and everything in between, 5 Star adheres to a stringent selection process and assumes a hands-on approach so as to cultivate the proper foundation for success. It is 5 Star’s goal to build a base of environmentally safe, fully compliant injection well facilities that quickly become the standard in the SWD marketplace.
5 Star’s inaugural investment fund, 5 Star Strategic Fund I, LP, holds ownership interest in the 5 Star Whitsett SWD location. 5 Star Strategic Fund I, LP is being offered to verifiable accredited investors only. For further information regarding topics discussed in this article, including information about your personal investment qualifications, please contact 5 Star SWD, LLC via their Investor Relations Department: (512) 201-1060 or visit them on the web where you can join the 5 Star (corporate) Mailing List and receive up to date information on 5 Star activities, including all 5 Star Press Releases.
Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of 5 Star SWD, LLC or any of its managed funds (5 Star). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the 5 Star website, including, but not limited to, statements regarding future performance or events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the 5 Star Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the 5 Star Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of future results. Also, 5 Star, its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and 5 Star activities have conflicts of interests. The price received for the oil and natural gas produced from any properties may be less than quoted NYMEX prices at any given times. 5 Star does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information contained herein should not be construed as investment advice. 5 Star is not a tax professional and does not offer any tax advice.