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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.