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15 Acre Lease in Hardin County TX – Salt dome – 2 acre spacing.
2 wells marginally producing…third well with 160 psi casing pressure that produces over 70 barrels when pumped once a month.
Plan is to rework third well and perf upper zones in the producing wells to produce a total of 50 BOPD
Estimated 200-400MBO in recoverable reserves from the 3 wells conservative
Estimated payout under 10 months with ROI over 20:1
25%WI available – minimum 3%WI purchase
Pricing above is per point
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