Producing TX Lease Offset Well drilling program - Drilling in 10 days

TX

Producing TX Lease Offset Well drilling program - Drilling in 10 days
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Asking Price: $5,750

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

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Producing TX Lease Offset Well drilling program - Drilling in 10 days

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Business Description

400 Acre Lease with SWD

Offset well drilled in September doing 45 bopd

Plan is to drill single offset well to 2,800’ to test and complete in the King Sand

Estimated 30-60 MBO recoverable with production rate estimates 25-50 BOPD

Estimated Payout conservatively between 10-18 months and 5:1 - 8:1 ROI

$5,750 for 1%WI @ 75%NRI minimum 2%WI purchase. Second well in a 5 well program (first right of refusal on subsequent wells).

15%WI available

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John Mink

Business Listed By:
John Mink

Knik Energy Inc

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