Innovation Beverage’s BlockFuel JV Plans 400+ $650K Vertical Wells
IBG•Innovation Beverage Group holds a 51% stake in BlockFuel Energy, which will launch a multi-well vertical drilling program in H2 2026 across its 55-square-mile Oklahoma acreage, targeting multiple stacked hydrocarbon horizons with over 400 potential drilling locations. Each vertical well is budgeted at approximately $650,000 and leverages existing infrastructure to achieve projected initial rates of 40 barrels of oil per day and rapid capital recovery.
1. Stake and Merger Plans
Innovation Beverage Group holds a 51% interest in BlockFuel Energy and is working to finalize a proposed merger that will integrate their operations and balance sheets, positioning IBG for expanded oil and gas exposure.
2. Drilling Program Details
BlockFuel Energy will begin a vertical drilling campaign in the second half of 2026 across its 55-square-mile operated position in Oklahoma, targeting multiple stacked pay horizons with an inventory of over 400 potential infill locations.
3. Economics and Infrastructure
Each vertical well carries an estimated cost of $650,000 and benefits from existing gathering systems, production hubs, power distribution and saltwater disposal assets, with models indicating initial output of 40 barrels of oil per day and rapid capital recovery.
