Eagle Ford Formation Production and Drilling
Project Overview and Financial Summary
Project Overview
The total acreage of the project is 2200 acres. This expansive area provides room for at least two new drills. Recent successes in the region have yielded wells producing between 1000 to 1500 barrels per day (bbls/day) initially. Prior to being shut-in, the production of all wells was at 85 bbls/day. With additional investment in time and money, the wells have the potential to produce between 100 to 120 bbls/day.
Financial Details
Price for all wells, acreage, and equipment: $1.4 million (MM).
Drilling Opportunities
There are two drilling opportunities, each with access to two productive zones. The specifics for each well are as follows:
• Cost per well: $5.5 million (MM)
• Vertical Depth: 3000 feet
• Lateral Drill: 9000 feet
Existing Assets
Value of Existing Equipment: $618,000
Value of Drilling Acreage: Exceeds $2.8 million (MM)
This summary encapsulates the essential details of the project and its financial aspects, highlighting the potential and value of the drilling opportunities and existing assets.
Financials (USD)
Asking Price Not Disclosed
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