Premium Drilling Prospect with major upside potential. This lease is situated directly against the prolific Salt Flat Fault and surrounded by Major Production. The leases offsetting our lease have cumulative production 1,700,000 barrels of oil each! This leases literally crosses the Salt Flat fault and there is no better un-drilled location in this area that we know of. The potential of this lease is phenomenal with a very low cost to develop. We can get access to an SWD on the property making for a very low cost of production. Look all you want, but you will not find a better prospect on the market for the money. Full third party Geology Reports already completed! Can turnkey if needed and we own most of the equipment to do the job and all of the manpower & equipment to service the production moving forward!
5 Wells with Major Potential
Five wells with Texas Petroleum Edwards production surrounding the lease. Two of the wells can be deepened from the Austin Chalk / Buda Formation to the Edwards Limestone. One well can be converted to an injection for an enhanced recovery application in the Austin Chalk / Buda. This is a very economical project with major upside. We have complete Geology Reports on the property. One of the best leases you could possibly find for the money and priced for a very quick sale!
*SOLD* – Behind Pipe Reserves in a Current Well
*SOLD*
Originally a Woodbine horizontal well that had a good oil show in the Sub-clarksville also confirmed by mud and electric logs. The two nearby Sub-Clarksville wells have substantial production (1.73 BCF + 17.9 MBO & .75 BCF + 20.5 MBO) with “look alike” zones. We have very comprehensive reports, maps, logs and information. The Geologist suggests this well has an indication of a more “oily” reservoir than the nearby Sub-Clarksville wells. Additional positive consideration is the ETC pipeline being within 100 yards of the well! This is a great value with a very low cost verses drilling, has substantially less risk and also much of the equipment needed to produce.
Producing WI for Sale
Seasoned multiple well production in the Wilson/Karnes Eagleford Trend
Pricing per 1%WI point (.75NRI). Estimated 3.5 BOPD per point. Can sell up to 15 points.
Details provided upon contact
UPDATE-4 New Well Drilling Program – Estimated 6 Month Payout @ $40 oil
280 acres on 10 acre spacing.
Plan is to drill and complete 4 Wells into Callo and newly discovered Ellenburger with frack
35- 75 BOPD per well based on wells drilled last week and throughout 2015 within mile of lease
Pricing is for 100% WI /75% NRI turnkey non op.
Contact us if interested
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.
North Odem Prospect
Basal Frio exploratory well just north of Odem Field. Expected IP of 85-100 BOPD. 75% NRI
Shallow currently producing wells 3-5 BOPD
5 Wells currently producing 4-5 BOPD, with 3 non producing and 1 disposal well located in Sharonridge (1700′) This is Shallow production that is turn key start getting return on your money instantly. 1 location for a re-drill well was producing 3.5 BOPD when plugged, lease has own disposal well (another company currently take the water no charge). Shallow production with very inexpensive operating cost. Plenty of upside to this lease. You could clean out well bores and do small acid jobs and see an increase of 3-6 BOPD. The 3 non producing wells can be put back on production simply by running string of rods, tubing. There are a total of 5 leases with the current producing leases average out at 82% NRI.
Cline and Wolfcamp Shale lease or sale
One Cline Shale well on 520 acre HBP balance open for lease or sale. Nearby two sections open to lease or sale, offset 23 Wolfcamp horizontal wells. Five zone area.
Pricing is per acre or best offer
Producing Property
Austin Chalk Well
Completed 12/2014
Stable production 64BOPD
75% NRI Lease
40% Non Op WI For sale for price above
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.
*SOLD* – Oil & Gas Producing Lease
*SOLD*
Lease consists of 160 acres HBP. One well currently producing 0.5 – 1 bopd and 10Mcfd – 18Mcfd. The pumping unit is quite new and the salvage value of the unit and tanks, compressor alone is worth quite more than selling price.
The wells are in the Ellenberger formation approximately 4000′. Other prolific uphole zones exist in these wells, specifically the Caddo formation if someone wished to produce it.
With minor acid job or small frack this producing well can do 6-8 bopd and 30 mcfd from the Ellenberger, alternatively the Caddo in this region has shown great production as well. If you opt out and didnt want to spend money on acid job and just do a chemical treatment down the backside you can expect it to increase by 1-2 barrels per day. The upside with this acquisition is also the other locations that can be brought back on-line, all they require is up-hole infrastructure.
1 producing oil and gas well
2 proven oil & gas wells to be brought on-line
1 pump jack (new condition)
2 210 tanks
1 compressor