Description

40 acres on 5 acre spacing.

Plan is to drill 2 wells into Caddo, Marble Falls, and Ellenburger to 1600'.

Estimated production between 35-75 BOPD per well based on adjacent leases drilled by partnership this year

Estimated payout under 6 months with conservative production and $40 oil.

$395K for 100% WI /75% NRI turnkey non op.

Contact us if interested.
This is not an offer to buy or sell securities. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions.

Posted Nov 30, 2016

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