Description

300 acre lease in Clay County, 6 fully equipped production wells, 2 permitted injection wells, Lease is fully equipped with 2 of the 6 wells in operation making a little over 5 BOPD. Seeking a Working Interest partner to finish reworking and developing the lease. We plan on retreating the existing zones on all six existing wells and perforating and fracing two behind pipe zones we have identified from the well logs. Lease should easily make 40 BOPD after rework and before drilling any new wells . There is plenty of room to drill with several infill locations. Seller will consider contributing the lease, existing production and reworking the existing wells for the right drilling commitment. Owner is Texas operator and driller with our own pulling and drilling rig.

Posted Nov 21, 2016

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