Description

Oil and Gas Lease in Throckmorton Co Texas with 550 acres of drilling, currently there are 2 wells in the Caddo Formation producing 6 barrels of oil a day, 35-40 MCF of gas per day, around 40 barrels of water a day, which goes to the adjoining lease for $0.50 per barrel, LOE around $1500.00 per month, 100% WI, 75% NRI, lease has good equipment and prime acreage for drilling, the pay zones are Strawn, upper and lower Caddo, and Mississippi formation. Also have a current Title Opinion in hand.

Posted Jun 3, 2016

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