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.
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Asking Price $395,000
Sales Available On Request
Profit Available On Request
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