South Plains Petroleum

South Plains Petroleum

Early Stage

Rediscovering Energy

Rediscovering Energy


Raised this Round: Raised: $26,509

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Energy, Power, & Natural Resources

Tech Sector


Abilene, Texas

South Plains Petroleum, with a pre-money valuation of $8.3 million, is raising crowdfunding on StartEngine. The company uses modern technology to reevaluate old oil and gas wells data and find the remaining reserves in them. As a result, South Plains Petroleum gets to reduce its costs on exploration and infrastructure and get higher returns on investment. South Plains Petroleum was founded by Richard A. Quintal and Suzanne E. Ruffini. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for the acquisition of new oil properties and expansion. The company already holds options to purchase 17 existing wells and 50 developmental well sites.
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South Plains Petroleum on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $8,313,000
Price per Share: $1.60

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Warning: according to the close date for this deal, South Plains Petroleum may no longer be accepting investments.

South Plains Petroleum Deal Report

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