1280 acres in McKenzie County.
Highest producing county in the United States. The State of North Dakota reports a 99% success rate for the last 8,000 wells drilled in the surrounding area. The state also reports a break-even price of 26$-28$ dollars per barrel. Even at 40 dollar oil, payback is less than a year. 80% of invested funds are eligible for tax deductions.
Initial 1 Well project, with potential for 6 more.
We are looking for direct participation, industry partners, or broker dealers to help us finish this project. We have acquired a drilling permit and a road permit. We have just signed an agreement with the vendor to begin road construction to pad site.
Estimated cost for drill, test and completion is around 5-6 million.
1% Working Interest 0.75% NRI= $110,000
We have 25 percent left of the project and are looking to close it out as soon as possible.
Asking Price Between $100,000 and $500,000
Profit Between $100,000 and $500,000
You May Also Like
Bakken HBP Leasehold and Oil & Gas Production #452542 posted Aug 26, 2016
- South Dakota, United States
- Over $20,000,000
6,748 Net Acres of Leasehold ~92% Held By Production (NDIC Spaced) ~700 NDIC Spaced & Approved Locations Average HBP GWI: 2.9% Seller is delivering ~80% Lease NRI ~270 Proved Developed Producing Wells August 2016 Estimated Cash Flow: ~328,000 Net Production: ~437 BOEPD (~90% Oil) PDP Reserves:...
Selling ORRI in 15 Oil Wells #453895 posted Sep 14, 2016
- United States
- Available On Request
Our company owns 15 Oil wells in Texas that were once owned and operated by Texaco. We are selling up to 10% ORRI to raise funds to re-work the existing wells. Please email for more information. Thank you
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.