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Oil Drilling Prospect For Sale – Adjacent to Proven Look-A-Like Oil Field

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m saenz
Published 03/20/2022 - 4 years ago
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Location
TexasDistrict 04Starr
Category
Investment
Description

Shallow (3500’) Oil Prospects defined by well-control in highly oil productive Queen City Trend. Multi-Million Barrel Oilfield Production in immediate area on both sides. Multi-pay sands in same wellbore up-hole and down-hole.
Estimated Reserves: 368,000bbls Oil (Main Pay + 4 Offset Well Locations)
Type of Trap: High-side Closure on 150ft Down-to-the-Coast Fault (good fault control)
Prospect Validation: Down-dip Oil shows
Lease Acreage Required: 330 acres (3 Tracts)
3D Seismic: Available for Purchase ($25K/sq-mi – 5 sq-mi min.)
Terms of Sale: Cash & 1/32 of 8/8ths ORRI (Subject to Prior Sale)
PRINCIPALS ONLY – NO BROKERS!
$1,500.00 PRESENTATION REVIEW FEE (APPLICABLE TOWARD PROJECT SALE DEPOSIT)

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Oil Drilling Prospect For Sale – Adjacent to Proven Look-A-Like Oil Field