WellWorks Rework Program
Proven Oklahoma Wells, Held Back by Neglect
Myrna #1 workover, Garfield County, OK. Operated by Trilateral Operating, LLC.
An Opportunity in Established Wells
The WellWorks Rework Program targets annual returns of ~25% through the acquisition, revitalization and operation of 25 producing oil and gas wells in Oklahoma. It invests in existing wells with established production histories rather than speculative new drilling, aiming for monthly income, meaningful tax benefits and diversification. Targets are not guaranteed.
Myrna #1 workover, Garfield County, OK. Operated by Trilateral Operating, LLC.
November 2025 Changed the Market
New Oklahoma Corporation Commission (OCC) bonding requirements took effect on November 1, 2025. Combined with industry consolidation, they have led operators to divest thousands of underproducing, shut-in and orphaned wells, and the OCC alone holds 18,000+ orphan wells. WellWorks draws on long-standing relationships with operators and the OCC to identify underperforming wells at attractive valuations.
Myrna #1 workover, Garfield County, OK. Operated by Trilateral Operating, LLC.
Why Is There Still Oil Left?
Traditional exploration carries geological risk. WellWorks instead concentrates on known reservoirs with documented production, restoring wells through proven rework techniques.
Many wellbores already penetrate productive zones that were never completed. Those zones can be brought online at a fraction of the cost of a new well. A production history is not a guarantee of future output.
Peach #1-16H, Garfield County, OK. Operated by Trilateral Operating, LLC.
Why These Wells Stay Idle
New drilling has become increasingly expensive as inflation, labor shortages and operator capital discipline push costs higher. Higher bonding requirements make marginal wells costly for their current operators to hold, so productive wells sit idle. Every prospective acquisition undergoes geological, operational and title review before purchase.
Restoration vs. Exploration
| Factor | Exploration Drilling | WellWorks Restoration |
|---|---|---|
| Dry hole risk | New-well exploration involves dry-hole risk | No new wells drilled; production and investment risks remain |
| Geological risk | Unproven reservoirs | Known reservoirs with documented production |
| Primary goal | Explore for new reserves | Restore proven wells with established production histories |
| Diversification | Concentrated in new prospects | 25 wells across multiple formations |
| Cost per well | Rising with inflation and labor shortages | $300,000 target per well |
All figures are targets. No assurance of income or returns.
A Modern Approach to Proven Wells
Six due-diligence steps, a tailored revitalization plan for each well, centralized operations by Trilateral Operating, LLC, and monthly reporting shape the WellWorks approach. Learn how a well moves through the program, from inspection to operations.