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614 Acre shallow Palo Pinto county lease. Lease is in production and makes approx. 4 bopd. 6 wells in production. 2 very good injection wells (both passed H5 test this month).
Lease has many in-fill drilling locations at 2 acre spacing
Lease comes with a metal 18X40 shop building with spare inventory
Tank Battery is in good condition along with Bethlehem TP-3 triplex SW disposal pump.
This lease has a ton of upside potential to the person or company that has the capital to perform some shallow in-fill drilling and possibly implement a water flood project.
Very easy access to lease. No liens, title or RRC problems.
Selling 100% WI and 77% NRI. (No override will be held)
Please contact us if interested in more information. This is not an offer to buy or sell securities. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions.