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Description
*SOLD*
We are currently applying for permits to drill two wells in a proven, long-life field in North Central Texas. We have years of experience in the area, and this is among the best prospects we’ve seen.
Operator intends to invest in 12.5% Working Interest, with an additional 12.5% back-in upon payout. Pricing is in the tanks per 1%, with a 5% minimum investment required.
Expected payout is 13 months. Offset production drilled in 1982 is still producing at a rate nearly half of it’s first year production. We expect these wells to economically produce for 40+ years.
We have put together a PDF document with additional information which will be sent upon request.
87.5% WI available on an 83% NRI lease
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