Shallow Drilling Project
OUR LLC is offering Joint Venture interest in its Van Shallow Prospect within the East Texas Basin.
There is room to drill and produce 26 wells on the two leases that make up the property acreage.
Wells will be permitted to 2000' Total Depth and should cut three oil reservoir depths. Some reservoir formations in this area of Van Zandt County initially produced 100 barrel per day.
Major oil companies have developed these shallow formations for many years because of the long production life and good total reserves.
Financials (USD)
Asking Price Not Disclosed
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