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Blue Flame Energy Corporation
1070 Dundee Avenue, Suite C, East Dundee, Illinois, United States

Memberships : Independent Petroleum Association of America (IPAA)
Industry : Renewable Energy
Basic Member
Since Sep, 2018
About Company

Blue Flame Energy Corporation is a private Kentucky corporation organized in 1984. We acquire mineral rights, drill, test, complete and operate natural gas wells. The company has a substantial acreage inventory in the Appalachian Basin’s Big Sandy Gas Field and operates over 215 producing natural gas wells. Private placement offerings, structured as tax advantages, direct participation program (DPP) investment opportunities, are available to qualified investors, by private invitation only.

Oil and Gas Revenue

All revenues received from production are deposited into a special segregated revenue distribution account. The account is used solely for the receipt and disbursement of production revenues and operating expenses and is not commingled with the general funds of Blue Flame Energy. The Energy Group, Inc. (our administrative services provider) makes monthly distributions of net revenues from the office in East Dundee, Illinois.  The distribution month generally reflects a 75-day lag behind the actual production month. For example, well interest owner payment and statement for natural gas produced during May will be mailed out mid-August. This 75-day lag encompasses the time it takes purchasers to pay us (+/- 60 days) and how long it takes us to confirm receipts, pay bills and distribute proceeds for our +/- 215 wells.

Natural Gas Basics

The main ingredient in natural gas is methane, a gas (or compound) composed of one carbon atom and four hydrogen atoms. Once the natural gas wells are drilled and completed gas flows up through the well to the surface of the ground and into large pipelines. Some of the gases that are produced along with methane, such as butane and propane (also known as “by-products”) are separated and cleaned at a gas processing plant. Because natural gas is colorless, odorless and tasteless, mercaptan (a chemical that smells like sulfur) is added before distribution, to give it a distinct unpleasant odor (it smells like rotten eggs).

Computer (Wireline) Logging

  Natural Gas seldom shows itself in any dramatic way. It is elusive and hard to identify even after drilling through the target gas payzones. A “picture” is needed of what lies underground—where the drill bit has penetrated. To produce this “picture,” a technical measuring process known as Computer (Wireline) Logging is used.  Wireline logs were first developed by the Schlumberger Brothers in the 1920’s. Today, by building on the original concept, a much more sophisticated process has evolved. A specially equipped truck lowers an assembly of electronic sensing devices to the bottom of the hole. After the cable has touched bottom, it is then reeled in slowly so the underground instruments can measure various characteristics surrounding the wellbore. The printout (charts/graphs) generated in the computer truck is referred to as the “field print”.

Company NameBlue Flame Energy Corporation
Business CategoryRenewable Energy
Address1070 Dundee Avenue
Suite C
East Dundee
Illinois
United States
ZIP: 60118
PresidentLawrence R. Buettner
Year EstablishedNA
EmployeesNA
MembershipsIndependent Petroleum Association of America (IPAA)
Hours of OperationNA
Company Services
  • Drilling
  • Horizontal Drilling
  • Oil And Gas Revenue
  • Fracturing
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