Permian Basin Eastern Shelf Leases with potential upside
Total 9 active and 2 shut-in wells on two leases in the Clear Fork Formation. Most recent week average of 15 BOPD from both leases.
Ten wells are in the Westbrook Field and one in the Iatan East Howard Field.
• Waterfloodable zone. Offsets a waterflood unit which also takes all produced water from the leases
• Two wells were never fracked that could increase production
• Several PUD locations
• Oil show behind pipe in San Andres Formation
Operations 100% WI and 87.5 % NRI total 446 acres
2 acres with two metal buildings and office/living space
Building #1 includes 1008 sqft of office/living space that could be used as a 3 bedroom 1.5 bath living quarters.
Warehouse includes a 6″ concrete base with 2 large bay doors and 2 walk-in doors. There is also an awning for parking. Lot includes 2 acres
Building #2 is 1500 sqft with 1 bay door and 1 walk-in door. Property includes well and septic.
Property includes a house and a 5000 sqft metal building with 2 living quarters in the south end. Warehouse has sprayed in foam with 2 large bay doors.
Lot includes 3 Fenced Acres with Caliche Base
Producing lease. Well currently pressures up and flows 2 barrels per day. Pump unit is not running, hence no electricity bills.
• 40 +/- Acres
• (1) producing well (Austin Chalk)
• Production of 2 BOPD
All depths. All Rights, Title and Interest.
NRI is 75% and WI is 100%
Producing lease available. Well currently runs on a gas engine powered by gas produced by the well, hence no electricity bills.
• 40 +/- Acres
• (1) producing well, producing from the Frio formation
• Production of 8 BOPD, practically no water to dispose
All depths. All Rights, Title and Interest.
NRI is 80% and WI is 100%
6 Oil Wells to be Re-Opened. Working Interest
Permian Basin, Texas
The Oil Company currently owns six oil wells. Partners finance ONE WELL ONLY but will own a Working Interest in all 6 wells. After the sale of the first well, The Oil Company will use their portion to re-open the next 5 wells. WI partners receive their 1% of monthly income and their 1% of the sale price of the well. They DO NOT need to provide financing for the additional 5 wells. Upon joining as a Working Interest partner, The Oil Company will assign your Working Interest in the 6 wells currently own. The properties consist of approximately 500 acres. One well can be drilled on each 40 acres, into each production zone. Each property has 3 different production zones. This means that we have the Right to drill an additional 30 wells more than the current 6 wells. This is a valuable property under anybody’s assessment.
Shallow horizontal drilling program
in Yates formation near vertical wells with IPs of 200-400 BOPD . All wells Proven undeveloped. 2 wells to start, 20 wells total . Selling down 50% WI of completed well cost for 1st 2 wells . We expect IP of 500 BOPD on HZ well. Engineering Report available.
640+/- Acres in west TX producing 80 bopd with the opportunity to drill and add gas sales to existing production. 5 wells plus Injection. All depths on 3 of the wells.
We are currently selling oil and gas production from 43 wells located in South Texas. Most of these leases have PUDs and PDPs that have proven oil tests and cores. We have maps and reservoir studies on each one of these leases, which I can send to any interested buyers. The properties currently make a total of $108,012 per month after lease operating expenses. We are asking the price above for the entire production package. If you bring me an investor that buys this production, I will give you a 60,000$ cash commission.
1 free flowing well doing 2 BOPD. NO Maintenance, VERY low monthly Operating costs associated to this free flowing well. All Rights, Title and Interest. Producing at 5370’ from the Austin Chaulk.
Email me for pricing.
