Texas Oil Production+New Drills 5 Million Barrels
Participation Available for this horizontal oilwell drilling program in northeast Texas. 4,400-acre field with 36 million Barrels of Original Oil in Place (OOIP). Legacy oilfield discovered in 1950s, has produced approximately 12 million Barrels to date. Up to 20 wells may be drilled with production estimated as much as 2000-5000 barrels of oil per day. Well experienced management team in place. Field is currently producing and is ready to drill more wells. Industry Professionals and Accredited Only. No loan brokers please! Will accept Bitcoin cash.
Financials (USD)
Asking Price Not Disclosed
Additional Details
Onshore / Offshore Onshore
Fields / Basins / Formations Caddo Formation
Acreage 4,400
Reserves 24,000,000 barrels oil in place
Interest Type working interest
Operator Falcon Production LLC
Is Seismic Available? No
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