Seeking Accredited investors. No Brokers please.
We are offering the sale of 50% WI in the 160 acre lease (37.5% NRI) for $150,000.
The lease is a series of 4 wells that were drilled in 2013 to the San Andres zone. When the lease was producing, it produced an average of 12.5 BOPD from Sept to December when all wells are operational. We would like to return the wells to operation. In addition, there may be some up hole potential worth exploring that could yield an additional 10-15 BOPD per well.
The Lease is a 160 acre tract of land located in the Vaughan Field just Northwest of Ozona Tx. The lease is surrounded by local operators and leases who are currently producing oil from the San Andres, Queen and Grayburg formations. The offering provides four producing wells, and a functioning battery setup which was brand new in 2013. All pumping units and facilities are in excellent condition.
Asking Price $150,000
Sales Available On Request
Profit Available On Request
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