Permian Basin Drilling Project
Consultant looking to raise funds for drilling Horizontal oil wells into the Spraberry Formation of the Northern Midland area of the Permian Basin. Investors can expect monthly income from flowing oil wells, new drills, and field extensions. The estimated cumulative production ranges between 800,000 to 2,000,000 BOE/well , with the prospect of an additional new wells.
Up to 75% working interest available which is unitized at $100,000 per unit. Total investment needed is $7.5 M per new horizontal oil well. Additional wells can be drilled based on investor preferences.
Financials (USD)
Amount Sought $7,500,000
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
