Seeking a non-op working interest partner to participate in a development drilling program in 2019-20. Partner will join 3 other WI partners. Expect IP’s 100-200 BOPD, 5-7 months payback, 20 year well life, 20% WI available. First well scheduled for late 1Q2019.
Conventional South Texas Package
Conventional Duval county shallow oil opportunity! The lease is comprised of 86 acres HBP from 4 shallow formation oil wells Ranging in between 3,338 and 4,400′. The lease currently generates approx. 9 BOPD and approx. 145 MCF of natural gas per day. NO electricity, as the wells run off of casing-head gas. High behind the pipe potential exist in the Cole sand at the depth of only 2,000′. All surface and production equipment conveys with purchase.
Asking price above O.B.O
Producing Permian Basin WI (carry) for Sale
Single horizontal well recently drilled in the heart of the Permian Basin. Frac complete…doing +400 BO and retrieving water and frack fluid.
Estimated +1800 BOPD IP in Wolfcamp “A” (surrounded by similar or better producing wells) with other zones behind pipe on 360 acre lease
Payout estimated around 16 months
1/8th carry (12.5%WI) with acreage for Price above. Heads up on drilling second well (AFE for 100%WI @ $10MM)
ID 1187
Central TX Offset Lease Development Program
400 acres with existing disposal well and gas pipeline access. Ran by Texaco in 1970’s
Company that has acquired this lease has produced 3 other leases in the area with consistent results
Plan is to drill 5 wells to 2,800’ and test the Marble Falls and the Caddo
Estimated 50-150MBO recoverable with production rate 50-120 BOPD in the MF alone
Estimated Payout conservatively between 6-18 months and 5:1 – 15:1 ROI
Price above for 1%WI in all 5 wells @ 75%NRI before payout and 65.625% APO
ID 1184
West TX Producing WI for Sale
Single well on 40 acre lease in production for almost 30 years
Shallow production decline curve for past 10 years
Large Operator has been in possession for over 20 years
Average monthly net income around $900 for past year based on WI for sale
Price above for 12.5%WI @ 75%WI
ID 1186
Permian Basin Mature Producing Well for Sale
Single Devonian vertical well with non-commercial SWD (Northern Permian)
Well originally drilled in 1996. Has produced almost 900MBO.
Estimated 170 MBO in reserves remaining . Shallow decline curve (~5%) (report available)
Producing +25 BOPD on 40 net mineral acres with 160 surface acres
100%WI 75%NRI for price above ops or non ops
– ID 1188
Commercial Land w/unlimited potential
Property is easily accessible from I-20, Business I-20 and Hwy 163
Property runs approximately 1/2-3/4 mile along the Union Pacific railroad tracks East/West. Has potential for a rail yard, rail spur, business/commercial/industrial use
Has 3-phase power Encore Elec, and water available nearby.
INCLUDED: executive rights 1/2 minerals owned, 1/2 wind rights, 1/2 water rights and even 1/2 brining rights. UP is willing to work with buyer to bring in a rail spur
Recent surveys, comparable comps, and deed records available to serious inquires
Seller is negotiable (Owner/agent) will consider owner financing.
Non-op WI Partner(s) Wanted
Seeking non-op working interest partner to participate in development drilling program in 2019-2020. Partner will join 3 other non-op partners. Partner can be industry, financial, or individual.
PRODUCING (HBP) OIL & GAS PROPERTY WITH UPSIDE
Great property for an investor or operator to pick up low marginal production and ramp up through low cost/risk acid treatments and field optimization. Geology also verifies additional infill drilling locations.
▪ 160 Acres
▪ 100% Working Interest, ~ 70.4% NRI
▪ 13 Vertical Wells
▪ Producing Zones include the McCluskey Sand, the Strawn Sands, Caddo Conglomerate, and the Bend Conglomerates.
▪ Other producing zones in the area include the Marble Falls and Mississippian.
▪ Upside includes optimization potential, optimization of water flood and evaluation of untested porous sands. None of the wells have been completed in all the potentially productive horizons. Potentially productive zones include the McCluskey Sand, the Upper, Middle and Lower Strawn, the Caddo Limestone, Bend Conglomerates Numbers #1, #2 and #3, Marble Falls and Mississippian.
Currently accepting bids on this opportunity.
Production with PUDs Non-op partners needed
12 existing wellbores on 1248 acres currently producing some oil. Operator plans to recomplete 11 wells into Caddo formation and 1 SWD. 25-80 BOPD IP’s expected with a peak production of 225 BOPD after recompletions. Minimal upfront investment, ROI 3.13 with net PVO of $4.3 Million. Prior wells will start paying for additional recompletes.