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Small 50/50 heads up re-entry

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jmmink
Published 04/27/2021 - 5 years ago
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Location
TexasDistrict 7BJones
Category
Investment
Description

Working interest in a single well in TX (75%NRI) managed by an operator I’ve known for years

70-100 mcf of gas a day before parted rod a few years ago. naturally producing now but minimal

Plan is to replace rod then go from there.

Estimated $3500 a month net @ $2.50 per mcf 80 mcfpd

Typical operating expenses around $500 a month.

Price above for 50% working interest

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Small 50/50 heads up re-entry