21 well lease with plenty of upside$ Protected
21 South Texas shallow stripper wells (330ac) just reworked, cleaned and 6 are now equipped producing 5 to 6 bpd. All wells have flow lines to tank battery and gun barrel, Brand new innovative pumping system in place on 6 wells that can be controlled on-line from laptop reducing pumper /elect cost. All systems are above ground for maintenance.
Turnkey operation, equipment in place could have monthly lease option or purchase with the lease. With 15 more wells on lease you should get an average of 15 to 20 bpd. All wells (in the 1500ft TD) have nice high pressure in 500 to 700 psi range. Plenty of room to drill at least 5 brand new wells or even go horizontal so lots of life left on this beautiful unique lease.
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