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240 contiguous acres on 25 year old producing lease.
4 stripper wells producing 3-4 BOPD combined from the crosscut sands 1,350’ with $800 in MOE (pumper & electricity).
2 injection wells and 27 rework candidates
Reserves remaining estimated at 10-15 MBO in lease
27 re-entry candidates with some estimated to produce 4-12 BOPD once reworked. No open hole issues with TRRC
Equipment in very good shape with estimated salvage value of $125K (REDA pumps)
Op or non-op
$300K for 75%NRI
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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.