21 South Texas shallow stripper wells (330ac) just reworked, cleaned and 6 are now equipped producing 5 to 6 bpd. All wells have flow lines to tank battery and gun barrel, Brand new innovative pumping system in place on 6 wells that can be controlled on-line from laptop reducing pumper /elect cost. All systems are above ground for maintenance.
Turnkey operation, equipment in place could have monthly lease option or purchase with the lease. With 15 more wells on lease you should get an average of 15 to 20 bpd. All wells (in the 1500ft TD) have nice high pressure in 500 to 700 psi range. Plenty of room to drill at least 5 brand new wells or even go horizontal so lots of life left on this beautiful unique lease.
7 acres – 20 acre spacing – room to drill 2 new wells. First well location recommended by Seller/Geologist
Single shut-in well drilled in 2000 produced 2600 barrels (10 BOPD) in Canyon Sand until Sept 2001
Rights to depths to 4,200′ – Swastika and Canyon Sand
Estimated reserves of 30 MBO in Canyon Sand at 4,000′ per new drill
100%WI at 78%NRI for $25K – renews 2 year lease
Please contact us if interested in 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.
We are operators with thousands of wells behind us and we’ve got a good play we’re currently developing. 10,000 plus acre field. We’re offering non-op WI.
1. 9-15 zones per well have logged, cored and tested oil or gas above 4000′. Super Stacked Frio/Miocene.
2. 9 of these sands have produced in the past (6 mil bbls and 28 bcf from 31 shallow wells)
3. 6-30 month payout per zone per well. Maybe sooner. Dual completion potential in all wells. Easy verticals in Frio/Miocene sands.
4. Est reserves 100-200,000 bbls 500,000 MCF- 1 BCF per well.
5. Over-pressured oil and gas bearing shale with .71 pressure gradient at 6100′. Produced in past unfrac’d. Will not have declines of a normal shale.
If you’re interested give me a call at the number below.
Selling a 61% working interest in operating well with potential to increase to 100% WI. Producing 55-65 mcf/day of wet gas.
HIGHLIGHTS
• Original well abandoned in 1984 after casing failure resulting in well being shut in
• Well completed in 11/82
• Oil production of Bernstein (Ellen) was ~ 19,500 BBls over 18 months
• Natural Gas production was 29,900 Mcf over 24 months
• An offset well “D1” was drilled in 2010 500 ft from the original Bernstein (Ellen) well
• Target zones include Mississippian Limestone, Caddo Limestone, Duffer Limestone and more
• Location has possible reserves of 250,000 bbls and 1 BCF of gas
• Acquire in 2008 by current Owner/Operator
• Well sits on 230 acre lease, all depths. No encumbrances
61% Working Interest: 75% NRI
• Potential to increase working interest from remainder unit holders to 100%
• Isabella Marie D1 : 4,950 ft well
• Interconnected with remote telemetering to Enbridge
• Equipment is in good condition with an estimated value of $75,000
Future Potential
• Second Well Offset (AFE available with current operator)
*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
2,043 acre unit in North Texas
4300′ sandstone
Forrest A. Garb engineering study shows 9,400,000 bbls of recoverable oil.
Call Ed for details
85.2nma out of 640 ac. leased to High Plains Energy at 25% royalty.
+/- 480 Acres
+/- 2,613 SF Home/Office
50% of the Total Mineral Rights
+/- 85.22 Acres
50% of the Total Mineral Rights
On-site Utilities
Adjacent to the Union Pacific Railroad
South Kountze. Lease by Cobra Oil from 2006 to 2009 yielded promising 3D seismic data. Kerr McGee was in partnership in this endeavor. Drilling was to occur, but Kerr McGee was purchased by Anadarko, and all activity stopped. Several older 9,000′ wells are to the west which have been producing for 25-35 years and still going strong. GIS Map of Hardin County A-811/W J Collins Survey and surrounding area available.
