About 22 Wells (100%)
Current production is about 28 barrels of oil per day from 3 active wells, with waterflood injection using 2 injection wells. Many wells need workover to boost output; the lease has potential for over 100 barrels daily. The project covers 1600+ acres in East Texas, all on one lease with a 75% NRI. Mooringsport formations are at 3900 feet. Operating expenses average 30%, and net revenue at current oil prices is $33,600 per month.
Financials (USD)
Asking Price Not Disclosed
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
