Drilling 2,300′ into 84 acre lease with producing wells doing up to 30-60 BOPD from 2011 (2 acre spacing)
Estimated 30MBO in reserves
Estimated 40 BOPD with 12 month payout and 4:1 ROI at $35 oil
First right of refusal on subsequent wells already mapped
Pricing above is per minimum purchase of 3% with 75% available. Discount available if entire 75% is purchased.
Contact us for additional 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.
the mineral rights for sale
50 acre lease – Yegua Sands – 4,300′
Single well doing 10-12 BOPD currently – well online 2013
Monthly operating expenses around $1,200
Cumulative 128 MBO, remaining estimated 80 MBO + 2 zones uphole not tested in well
Potential for new shallow well development on lease in upper zone (1,100′)
Net income around $10K a month with $30 BO with typical MOE
50%WI (38.5%NRI) for price above – non-op
Re-entry into a gas well at the Cook Mountain Zone at 10,700′ and 9,500′. Shut in 2008 due to market prices. Well produced 4.6 BCFG & 70 MB condensate.
Estimated 1.3 BCF & 55 MB Condensate in proven recoverable reserves in target zones
Estimated payback under 12 months including expenses in first zones and under 4 months in second zone.
Estimated $6.6 million payout for economic lifetime of well net before expenses with ROI around 11:1
New drill into Salt Dome field with lease already producing from 3 wells each doing 60-70 BOPD (not included)
Estimated 30 BOPD & 50 MBO in reserves per new well
Estimated ROI at 7:1 over well lifetime for single well
Operations set to start by end of month if not sooner
Spacing to drill at least another 20-40 wells on lease
Pricing for 10%WI
Richfield Exploration Company Inc. a Texas based Corporation is offering to sell up to
100% Working Interest as production in new Horizontal Eagleford Wells.
Richfield will drill, complete and flowback horizontal Eagleford wells on locations that Richfield owns or controls. When the well reaches 400 BOEPD, Richfield will sell by assignment up to 100% of the wellbore and the acreage necessary for the ownership
and production of the well bore to the new owner as production.
Every well drilled will meet the following criteria:
• Eagleford EUR’s of 350 – 400M BOED to be established before closing.
• Each location will have a comprehensive reserve study by Cawley or Netherland.
• Wells must reach 400 BOEPD or higher before they will be sold or assigned
• 100% working interest of flush production sold during flowback, less operating
expenses, will be paid to the new owner(s) at closing.
• Richfield will retain all ownership of wells that do not flow 400+ BOEPD
Richfield will sell 100% of the well working interest to a single purchaser or in increments of no less than 25% to four different owners. If there are multiple owners in the well, Richfield or its designee will operate the well. A 100% working interest owner may select the operator.
Richfield will be drilling multiple wells in 2016. Previous production buyers will have a limited time first right of refusal to buy production on subsequent wells.
Richfield and or its associates and operator have been drilling horizontal oil wells for the last ten years throughout Texas.
There are distinct phases in the life of every oil and gas well that is drilled. When a well is first drilled,
pressure depletion and gravity drive deliver the oil to the surface. During this phase anywhere from 10 to
35% of the original oil in place will be recovered.
Once the well pressure drops due to the gas cap being blown down, the ability of the formation to move
a heavy column of oil and or water to the surface becomes severely diminished. At this point in time, Oil
and Gas companies are faced with the challenge of extending the life of the field. Many factors affect the
method employed to enhance the recovery of the oil left in place after the Primary Recovery phase is
over.
Water flooding and thermal techniques such as hot water and steam flooding account for 40% of the
Enhanced Oil Recovery production in the United States. Other methods include chemical and CO2
flooding. In formations that produce sufficient amounts of saltwater in addition to oil, there exists the
opportunity to re‐inject the produced formation water into injection wells, driving displaced, stranded oil
into the producing wellbores. Injected water also helps to increase depleted reservoir pressures and, the
risk of formation damage is minimal, as the water and the rock are highly compatible. When utilizing the
proper EOR strategy, companies can expect to recover up to an additional 50% of the oil left in place after
the primary recovery phase of production
6 BOPD with possible gas sales. Around 80% NRI and 100% WI. 100ac lease in Jack County Texas.
Will of our Mother, Maggie Mae Quinn, Maiden; Maggie Mae Crowley, First Marriage Maggie Mae Farris (Deceased)
All Mineral Rights on 40 acres.
Three (3) Owners: 100%
James S Farris (Brother)
Louise Kivlehen (Sister)(Deceased)Children
Lavoy Davis (Sister)(Deceased)Surviving Spouse and Children
Priced per Acre
Lease currently producing 5 BOPD from 2 wells
Plan is to come uphole on both wells and perforate new payzone and create an injection well from an abandoned well
Estimated 80MBO in reserves in new zone with IP rates around 35 BOPD combined
Estimated payout less than 2 years on $40 oil
30%WI made available (75%NRI) in wells. Pricing above is for minimum purchase, 5%WI.
Please contact us for 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.
