Luling Oil & Gas LLC (LOG) has acquired oil and gas leases representing 118 existing wells in the Austin Chalk formation. LOG owns mineral rights to 6 leases containing 653 acres with 118 existing vertical wellbores and 269 undrilled acres in the Austin Chalk Formation. 2009 Independent Reserve Report shows that these wells have substantial, proven behind pipe reserves.
*UPDATE*One lease has been sold back to existing operator. Listing is now for 5 Austin Chalk Leases comprised of 553 acres with 103 existing wellbores.
228 acres – Wichita County,TX
15 wells: 3 Injection, 4 shut in, 8 producers
Average production: 7-9 BOPD – steady for 8 months
Average depth 1100 ft – mostly Gunsite
24 drilling locations on lease, very prolific and studied area
Typical operating costs around $1,300/month
Most wells have been reworked and have tested down hole tubulars.
Priced for 20%WI/16%NRI
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.
we are currently looking to divest of all of our oil and gas leases in a single package deal. The leases are centrally located near one another in south central Texas. The majority of the wells were drilled over 30 years ago and have maintained a long consistent history with little to no decline curve. The production comes from a variety of formations and depths. All leases have upside and the potential to more than double the current numbers. Please email for detailed package.
– 41 total wells: 30 producing wells, 12 SWD wells, and 24 shut-in wells
– Current production ~100 BOPD
– Over ~2,400 acres, most containing all depths
– Located domestically onshore in south / central Texas
– Numerous drilling locations on majority of properties
– High net revenue interest on all properties
– 100% working interest on all properties
– 12 Mn Net Income Ave. ~$86,000 / month (throughout 2014)
– PUDs in place
1 well lease with upside potential. Production history shows 1/2 bbl oil per day. We were told that if you clean sand out of well, it will produce 4 bbl per day. Previous owner never sold gas, but there is a tapped gas line 200 feet away.
We recently acquired this well with several others. Tubing anchor seems to be hung up. We are moving on to the other wells and will take salvage value for this one at $10,000.
Contact me for more information.
228 Acres in Wichita County, TX
15 wells: 3 Injection, 4 shut in, 7 producers
Average production 7-9 BOPD
Average depth 1100 ft – mostly Gunsite
Operations cost¬ $1200 monthly average
2¬4 drilling locations, very prolific and studied area
Some drilling potential in a 1400ft zone.
Most wells have been re¬worked and have tested down hole tubulars.
Full tank battery and GASO injection pump with modern water knock out.
Electric meets new standards being enforced by the RRC.
100%WI / 80%NRI
Contact us if you’d like 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.
We have a gas well for sale. Well is a strong producer on a 140 ac. unit. 25%NRI although 80acres of it is burdened by an additional 15% as owners also own part of the minerals.
Gross revenue is about $50k/month, net as to the interest is about 23k/month.
We are looking to sell quickly. Closing within end of year is preferred.
Please contact me for more details.
I am selling a 5% Non OP WI in a producing well, currently doing 14-16 BOPD. With 4 productive zones, currently producing from the Swastika.
Also included is a 2.2857% Non OP WI in a 595 acre lease contiguous to the above lease. This lease is currently doing approx 130 BOPD from 3 wells with additional reworks currently taking place and the potential to drill other wells.
Generating about $4000 a month collectively. Serious inquiries only, and further info available upon request
160 acre lease with one Ellenburger well on it in Southeast Shackelford County. Well was drilled in 2000s and has been shut due to hole in the casing. Was making 500MCFPM before it was shut in. The well has 3 zones up hole with oil and gas behind pipe. All equipment included except pump.
Phase I consists of drilling a single test well on 220 acres
Multiple target payzones including Marble Falls, Conglomerate, and Strawn.
Well at same depth in area currently producing 30 BOPD & 175 MCFGPD drilled and completed 3 years ago.
New wells being drilled in area by other operators at same depths (blanket formation).
Estimated 40 MBO in reserves (conservative).
Estimated payback under 12 months including expenses under low performance expectations.
Depth target of 4,600′
First right of refusal on additional well participation on the 220 acre lease
100%WI @ 75% NRI – operator has back-in of 12.5%WI after payout.
Pricing is per block of 10%
Please 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.
*SOLD*
Single new drill into Salt Dome field with lease already producing from 4 wells for a combined 158 BOPD
Estimated 75 BOPD & 75 MBO in reserves for new well
Estimated payout under 8 months (60 BOPD) with ROI at 7:1 over well lifetime for single well
Operations set to start by end of August if not sooner
Spacing to drill at least another 25 wells on lease with multiple payzones
Pricing is per 5%WI which is minimum requirement. 60%WI available on 74%NRI
Please contact us for comprehensive 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.
