Topsy Field · Jefferson Davis Parish, Louisiana · Upper Frio Formation
A low-risk development well targeting two productive zones with 192,000 barrels of documented production history, third-party certified reserves, and full reservoir pressure intact. Operated by Key Operating Company LLC — 30 years Louisiana experience.
Clean, investor-friendly economics with a documented AFE, fixed payout threshold, and 75% NRI confirmed in writing by the operator. Each investor receives a pro rata share of both revenue distributions and the preferred distribution, based on their proportional share of the total raise.
75% of all production revenue flows to investors from day one, split pro rata according to each investor's share of the total raise. One-time $176,000 preferred distribution paid from production on the same pro rata basis — not annual, not accruing.
Production returns your $2,200,000 plus your pro rata share of the $176,000 preferred distribution. Total payout threshold: $2,376,000. One fixed number. No clock. No accrual.
You retain your pro rata share of the 75% NRI at zero capital at risk. Managing Partner's 20% back-in activates. Production income continues for the life of the well.
A replacement well drilled from the existing pad into two proven productive zones, backed by 192,000 barrels of documented production history and full reservoir pressure confirmed intact.
| Well Name | Hayes Lumber Co. 28 #3 |
| Serial Number | #222749 (Replacement) |
| Field | Topsy Field (8976) |
| Parish | Jefferson Davis Parish, LA |
| Primary Target | 6,400' Sand (Upper Frio) |
| Secondary Target | Marg 1 Sand (Never Perforated) |
| Proposed TD | 6,512' MD / 6,510' TVD |
| Structure | Four-Way Closure |
| Geophysics | 3D Seismic Confirmed |
| Historical Production | 192,000 BBLs / 65 MMCF |
| Original IP (Feb. 2006) | 165 BOD & 4 MCFD |
| Reservoir Pressure (2012) | 2,886 psi — 26 psi above original |
The Hayes Lumber No. 2 well was completed in the 6,400' Sand in February 2006, flowing at 165 BOD. It produced 192,000 barrels while reservoir pressure remained at or above original levels — confirmed by D-O-R Engineering in January 2012 at 2,886 psi, actually 26 psi higher than the 2006 estimate.
The abandonment was mechanical — not reservoir depletion. The reservoir is alive.
The Marg 1 Sand secondary target — carrying 60,330 BBLs of proven reserves — has never been perforated. Oil cores confirmed. This project accesses both zones.
Because bottom hole pressure today is at or near the same level as it was when the original well came online at 165 BOD in February 2006, the replacement well is expected to perform in line with that same proven rate.
Six independent technical factors confirm reservoir quality, structural integrity, and production potential — before the first dollar of new capital is deployed.
192,000 barrels already produced from the 6,400' Sand validates reservoir quality, deliverability, and reserve estimates from the actual well being replaced.
Reservoir pressure confirmed at 2,886 psi by D-O-R Engineering in January 2012 — 26 psi higher than the original 2006 estimate. 192,000 barrels were produced with virtually no drive energy lost.
Sidewall core analysis by Core Petrophysics, Inc. (Schlumberger affiliate) confirms 28–32% porosity in the primary 6,400' Sand — exceptional reservoir quality for Louisiana Gulf Coast sandstones. Gold fluorescence confirms oil presence throughout.
Four-way structural closure confirmed on 3D seismic. Amplitude anomalies confirm hydrocarbon presence at both the Marg 1 and 6,400' Sand levels. Full seismic data available for review in Lafayette, Louisiana.
D-O-R Engineering, Inc. (Baton Rouge, established 1971) provided third-party reserve certification effective January 1, 2024. 180,939 BBLs proven — conservative estimates based on actual production history consistently outperforming prior projections.
The Marg 1 Sand — carrying 60,330 BBLs of proven reserves — has never been perforated. Oil cores confirmed. This represents entirely incremental production upside beyond the primary 6,400' Sand target.
Three production scenarios at 75% NRI, 10% annual decline, $6/bbl LOE. Payout threshold: $2,376,000. After payout, investors retain 75% NRI at zero capital at risk.
| Timeline | Avg BOD | Cum. BBLs | @ $65/bbl | @ $75/bbl | @ $85/bbl |
|---|---|---|---|---|---|
| Year 1 | 143 | 52,163 | $2,372,663 | $2,737,688 | $3,102,712 |
| Est. Payout | — | — | ~12 months | ~10 months | ~9 months |
| Year 3 | 116 | 128,290 | $6,128,445 | $7,071,283 | $8,014,121 |
| Year 5 | 93 | 213,614 | $9,714,186 | $11,208,675 | $12,703,163 |
| Year 7 | 76 | 272,030 | $12,376,014 | $14,279,247 | $16,182,480 |
| Year 10 | 55 | 339,638 | $15,450,978 | $17,828,821 | $20,206,664 |
Figures show cumulative 75% NRI revenue to investors net of $6/bbl LOE before taxes. Payout threshold $2,376,000 — raise plus one-time $176,000 preferred distribution. 10% annual exponential decline per D-O-R Engineering. IDC deductions not included — consult your tax advisor. Projections are estimates only — not guarantees of future performance.
Key Operating Company LLC · Lafayette, Louisiana
Bill Guidry brings 30 years of Louisiana oil and gas operating experience to the Hayes Lumber #3 project. Key Operating Company LLC has operated numerous wells across Jefferson Davis Parish and surrounding Gulf Coast formations. Bill provided a written AFE confirmation letter dated May 14, 2026, confirming the $1,971,600 documented cost breakdown and 75% NRI in writing.
Founder & Managing Partner · Crossbow Energy LLC · Aiken, SC
Dean Ivey brings nearly five decades of financial markets and energy operating experience. NYSE Floor Trader 1982–1985. Series 7 and Series 3 licenses. Hedge fund experience through 2008. Oil and gas operating experience through 2020. Crossbow Energy LLC manages the capital raise, investor relations, and regulatory compliance for this Rule 506(c) offering.
Reserve Engineer · Baton Rouge, Louisiana · Est. 1971
D-O-R Engineering, Inc. provided independent third-party reserve certification effective January 1, 2024, confirming 180,939 BBLs of proven reserves across both productive zones. D-O-R also confirmed reservoir pressure of 2,886 psi in January 2012 — validating the integrity of the water drive mechanism.
Prospect Owner · Mandeville, Louisiana
Sibley Petroleum Investments LLC (Bo Sibley, Managing Member) holds the lease and project rights for the Topsy Field opportunity. Sibley assembled the full geological data package including 3D seismic, structure maps, reserve certification, and sidewall core analysis confirming the investment case.
Approximately five months from funding close to first investor distribution. Drilling contractor: Guichard — turnkey Phase 1. Completion: Key Operating — daywork Phase 2.
Full $2,200,000 raise achieved. Escrow released to operator. Rig mobilization authorized.
Guichard drilling rig mobilized to Topsy Field location. Conductor set at 100'. Spud well.
6,512' MD reached in approximately 21 days. Open hole logged and evaluated. Decision to complete confirmed.
5-1/2" casing run and cemented. Gravel pack completion of primary zone. Approximately 17 days.
Well flow tested. Initial production rate established. Static bottom hole pressure confirmed.
Well on production. First oil sales initiated at WTI pricing.
First monthly revenue distribution to investors. 75% NRI flowing from day one of production.
Sidewall core analysis conducted by Core Petrophysics, Inc. (Schlumberger affiliate) confirms exceptional reservoir quality in both target zones.
Complete geological documentation is available to qualified accredited investors on request — AFE detail, drilling timelines, 3D seismic cross-sections, structure maps, stratigraphic cross-sections, D-O-R Engineering reserve certification, sidewall core analysis, and the full Private Placement Memorandum.