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
You May Also Like
25%WI in 3 Wells/Turn Key #455559 posted Oct 10, 2016
- Ozona, Texas, United States
Seeking Accredited investors. No Brokers please. The KDM #1 well is an existing wellbore drilled to the San Andres formation and completed in the commonly producing member of the San Andres in the area. The lease to the East has produced a significant amount of oil in its lifetime and currently produces...
Extreme Shallow Oil Prospect 450 ft #454188 posted Sep 19, 2016
- Sonora, Texas, United States
- Available On Request
Extreme Shallow Oil Prospect located in Val Verde County Texas. Recently drilled Test Well on the property with confidential log available. Potential is 11,000,000 to 14,000,000 BO per 640 acres. We have our own drilling rig and workover. Lease consists of 250 acres 75% NRRI. Comes with three wells...
Extreme Shallow Oil w/ 50% Minerals & 1700 a Ranch #454186 posted Sep 19, 2016
- Rocksprings, Texas, United States
- Available On Request
Extreme Shallow Oil at 400 to 500 ft. 11 to 14,000,000 BBLS per 640 acres. 1700 Acre Ranch goes with the deal of 50% of the minerals. there are 3600 Net Mineral acres that goes with the project, plus a shut in Ellenberger gas well that goes with the deal. Pipeline was never run to the well. Has Bridge...
Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.