TX Salt Dome Multiple Producing Rework Package – ID 1177$ Protected
15 Acre Lease in Hardin County TX – 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
50%WI available – minimum 3%WI purchase – Price above per point
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