Description

Location: Coleman County, Texas.

The Lease has a well that was drilled in April 2015 and is currently producing 6-8 BOPD and 17MCF. The well initially came in at 106 BOPD, but due to the fact that the Gardner Sand zone was not properly opened the production rapidly dropped.

The lease has four productive formations as documented by Schlumberger’s formation analysis. We see a tremendous upside potential with fracking and eventually opening four pay zones. We estimate that changing the pump alone, which is currently slipping, will take the production from 6 BOPD to 12 BOPD.

The well has been completely reworked and is in the processes of being brought back on line.
As of last reading bottom hole pressure was 478 and on first swab back we had a nice oil cut. Expecting 50 - 75 bopd.

Posted Jul 18, 2016

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