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Description
380 acres with existing disposal well and gas pipeline. Ran by Texaco in 1970’s.
3 wells drilled on lease currently in completion mode with net pays of +20ft in the Marble Falls. Estimated 100 – 150 MBO recoverable combined in 2 payzones with production rate 80-100 BOPD with associated gas in each well.
Lease across road with 9 recently drilled and producing wells in same payzones. All came in stronger than 50 BOPD.
Plan is to drill offset wells to the Marble Falls at 2,500’ and test this zone and multiple zones uphole. Up to 4 more wells planned to be drilled on the lease
Estimated Payout conservatively between 10-16 months and 5:1 – 15:1 ROI
Pricing above per point @ 75%NRI. Minimum 3% purchase. 10%WI available. Can bundle up to 3 wells.
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