Permian Basin Horizontal / Non Operated Interest
Unlock the potential of one of the most prolific oil-producing regions in the world—The Permian Basin. We are seeking investors to fund the drilling of a Sprayberry horizontal oil well in Terry County, Texas. This well targets the highly productive Sprayberry Formation, known for its rich reserves of oil and natural gas. With modern frac and drilling technology, we anticipate that we are going to drill a homerun of a well. Join this opportunity as we continue to lease land in our area and keep developing the area. The Permian Basin continues to be a global leader in oil production, and this project positions investors to capitalize on the upside of a proven, low-risk reservoir.
We have a well on our lease that has produced close to 650,000 barrels of oil from the Devonian formation. The oil is there and we are extremely excited about this prospect.
Contact me for economics / geology / questions / etc.
Financials (USD)
Asking Price $25,000
Additional Details
Onshore / Offshore Onshore
Fields / Basins / Formations Permian Basin
Acreage 640
Production 5-8 BOPD from Devonian drilled in 1956
Operator Pony Express
Is Seismic Available? Yes
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