Huge Horizontal Potential In Small Oil Field
Seeking $5MM. Purchase price of $2.50MM + LOC for $2.50MM to drill a minimum of 2 horizontal wells. One mile away, horizontal wells drilled IP at over 1000 BPD. Their operator flares their gas. We intend to inject ours back into the formation to preserve the drive and lessen the decline curve. Shallow prospects less than 2000’ VTD. Planning under 1000’ laterals with NO FRAC. AFE is approx $750k per well to the tanks. MULTIPLE HORIZONTAL LOCATION TO DRILL.
Existing production should cover debt costs via production assignments direct to the investor and the new horizontals will pay the investor off quickly. EXPONENTIAL UPSIDE!
7500+ acres with existing production on electric, low overhead, ROW’s in place and drilling contractors ready to go. Motivated seller seeks timely closing. Full details after NDA signatures. Prefer principals only.
Financials (USD)
Amount Sought Not Disclosed
Use of Proceeds Other
Deal Terms
Offering Memorandum Or Prospectus Available? Available On Request
Willing To Pay Finders Fee? Available On Request
Willing to Co-Broker? Available On Request
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum. Read DealStream's Terms Of Use before responding to any listing. Learn how to stay safe in our marketplace.
Request Information
Want to learn more about this listing? Log in now. New to DealStream? Discover how artificial intelligence can help you find better deals! Sign up for a Free Account today and get your first Search Genius deal tomorrow.
Sign UpDealStream Awards & Reviews
