This project is to replace the lift system on an oil well currently producing 8 bopd. The well is pumping with a conventional rod pump and pumpjack. We want to replace it with a Progressive Cavity (PC) Pump, and we expect an increase in production to between 20 and 50 bopd.

We are experienced operators in the area and will continue to operate the property. We are looking for a partner to fund the pump purchase, installation and upgrades to the tank battery including a larger water tank.

The partner invests $125,000 for 30% Working Interest in the well, 200 acre lease, and the workover.

At 30 bopd, net cash flow is estimated at $23,000 / month. ($7,000 / month to the 30% interest).

Serious inquiries only please. No solicitations for services or products.

Posted Sep 1, 2016

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