A 254-acre Lease held by production in an existing well. Anticipated payout at Current prices and production is five (5) years. This NEWLY drilled well is located in Coleman County Texas and is currently producing Five (5) Barrels of Oil per day (BOPD), nineteen (19) MCFG per day with only one (1) barrel of water! The well had initial production of over 100 BOPD and with the recommended rework on the well it is believed that 100 BOPD is possible again! The has Four (4) additional pay-zones that have been identified in the well with prolific production surrounding the lease! This is a phenomenal opportunity to acquire existing production with major upside for a minimal cost to rework.

Posted May 9, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.