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.
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