Twenty-Six (26) Wells (100% Operations)
This property boasts proven production of 25 barrels of oil per day, with an average API gravity of 29 degrees. It includes a saltwater well and offers 75% net revenue interest (NRI). Most wells were drilled in 2014. These wells consistently produce natural gas, with sales exceeding 1.8 mcf per month and minimal associated costs. The owner is selling due to retirement.
Conveniently located in North Louisiana, the site is well maintained, currently operational, and accessible by road throughout the year. There are opportunities to enhance production from some wells through methods such as installing liners, well washing, or acidizing. With over 200 acres available for drilling new wells, operating expenses typically run at about 30%. At current market prices, the potential net monthly revenue exceeds $25,000 from oil sales and $3,500 from natural gas sales.
Financials (USD)
Amount Sought Not Disclosed
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
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