42.0 acres, revenue interest NLT 80.625%, family owned oil operating company which must sell all 4 leases ( this one and 02384, 10170, and 12056) price is for all leases.
HOLAND PAGE LEASE
7.2 acres, revenue interest NLT 85.5%, family owned oil operating company which must sell all 4 leases ( this one and 12056, 10170, and 11355) price is for all leases.
Starts Friday – Offset Drilling Program – Est 30-50 bopd
4000 Acre Lease with permitted SWD
Surrounding production and shut-in well on lease indicating presence of King Sand formation. (Shut-in well produced 9MBO but completed incorrectly by previous group)
Plan is to drill single offset well to 2,800’ to test and complete in the King Sand
Estimated 30-60 MBO recoverable with production rate estimates 25-50 BOPD
Estimated Payout conservatively between 10-18 months and 5:1 – 8:1 ROI
Price above for 1%WI @ 75%NRI minimum 2%WI purchase. First well in a 5 well program (first right of refusal on subsequent wells). WI Purchase after log may be available but subject to change.
15%WI available
Contact us for additional information.
Note: 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.
Oil and Gas Production
2 Wells online and currently producing approximately 1 BOPD & 55 mcfpd. Comes with it’s own water disposal well. There are also 2 additional wells (1 w/ parted rod, that has produced 1.5 bopd & 10 mcfpd ) while the other is in the process of being bought online. Low operating expenses, NO water hauling, NG powered engines on each Unit. All equipment is very clean and great working order.
Approx 80% NRI 100% WI
Excepting offers !!
WE WILL STAY ON AND OPERATE IF NEEDED
N TX Lease Re-Development Program
1500 acre lease. Has produced over 100 MBO in single payzone
Over 1 MMBO in estimated recoverable reserves in PDP payzone with 2 untested payzones.
Plan is to re-enter multiple wells to re-complete in PDP zone and test 2 others to bring lease production up to at least 25 bopd – Phase I
Estimated payout between 8-16 months and potential +8:1 ROI.
Price above for 50%WI @ 75%NRI – turnkey Phase
8 BOEPD +/- Caddo Well
6 BOPD +/- and 50 =/- MCFPD. Holds 40 ac. Nets over 10K per month.
Central TX Offset Well Development Program
80 Acre Lease and SWD access (part of +400 acre lease)
Surrounding production and shut-in well on lease indicating presence of King Sand formation. (Shut-in well produced for a while but completed incorrectly by previous group)
Plan is to drill single offset well to 2,800’ to test and complete to the King Sand
Estimated 30-60 MBO recoverable with production rate estimates 25-50 BOPD
Estimated Payout conservatively between 10-18 months and 5:1 – 8:1 ROI
Price above for 1%WI @ 75%NRI minimum 3%WI purchase. First well in a 5 well program (first right of refusal on subsequent wells)
ID 1184
Permian Basin Producing WI for Sale
Single horizontal well recently drilled in the heart of the Permian Basin on 360 acre lease.
Well producing + 400 bopd and +300 mcfpd in Wolfcamp “A” (surrounded by similar or better producing wells) with other zones behind pipe
1/8th carry (12.5%WI) with acreage. Heads up on drilling second well (AFE for 100%WI @ $10MM). Contact directly for price (will need to sign NDNC).
Lease in Runnels County
The lease is a 300-acre continuous tract with 8 wells with 5 currently capable of producing, 0 shut-in producers, 2 injectors, 1 supply and 0 plugged wells in Runnels County, TX. This lease was producing ~170 BOPM (4-6 BOPD) and ~100 MCFPM (3-4 MCFPD) with potential to make 200+ BOPM (7 BOPD) and 150+ MCFPM (5 MCFPD) with a current 100% WI and 80% NRI.
The productive zone is located at ~4,500’. The wells were drilled in the early 1990’s on 20-acre and 40-acre spacing. The remaining PDP reserves available through the current wellbores is 56.5 MBO and 17.5 MMCF. Two of the wells were pulled and worked over in 2016 with 2 more being worked over in 2017.
Acreage 300 Acres
Production 170+ BOPM / 100+ MCFPM
Reserves 20 MBO / 14.6 MMCF
PDP 20 MBO / 14.6 MMCF
PUD 0 MBO
EUR Not Calculated
WI / NRI 100% / 80%
District / County 7B / Runnels
Wellbores 8
Producers 5
Injectors 2
TA/PA 0
Supply 1
Battery 6xSTL oil + 3xFG H2O + 4xSEP
Surface Equipment 4xBPU / 2xPCP
Infrastructure Flowlines + Electrical
Lifting Cost $5/BO
Note: Total recovery of oil in place was not calculated due to the limited data available through public records. Volumetric reservoir calculations yielded 4.53 MMBO and 1.65 BCF EUR (Thickness=10’, Porosity=30%, So=65%, Sg=25%).
614 Acre shallow (1300′) Lease
614 Acre shallow Palo Pinto county lease. Lease is in production and makes approx. 4 bopd. 6 wells in production. 2 very good injection wells (both passed H5 test this month).
Lease has many in-fill drilling locations at 2 acre spacing
Lease comes with a metal 18X40 shop building with spare inventory
Tank Battery is in good condition along with Bethlehem TP-3 triplex SW disposal pump.
This lease has a ton of upside potential to the person or company that has the capital to perform some shallow in-fill drilling and possibly implement a water flood project.
Very easy access to lease. No liens, title or RRC problems.
Selling 100% WI and 77% NRI. (No override will be held)
Please contact us if interested in 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.