Selling: Interest in 10 BOPD Well W/ Upcoming Frac
We are looking to sell 8% non-operated working interest in a horizontal Austin Chalk well in Robertson County, TX currently producing about 10 BOPD. This well is a steady producer that is pretty much always online. The well has only produced ~50,000 bbls from 557 acre unit with EUR (estimated ultimate recovery) of ~300,000 bbls, so plenty of reserves left to produce based on well-known performance of surrounding wells in the area. The operator has done a small single-stage frac on the well 2 years ago and now preparing for a large 20-stage frac later this year, so a very quick payout can be expected. The working interest sale price is currently set at $14,000 per 1% of working interest, but will consider reasonable offers. Full document set available with this well (original project file, production statements, etc)
Feel free to contact us if interested in this investment opportunity.
Financials (USD)
Asking Price $112,000
Additional Details
Onshore / Offshore Onshore
Fields / Basins / Formations Austin Chalk
Acreage 557
Production 10 BOPD
Reserves 300,000 bbls
Interest Type Working Interest
Cash Flow Positive
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
