New List Of Oil Deals In Texas

Ventura County California Production 1800 bbl. Per Day

I established a purchase price based on 2021, 2022, and 2023 projected EBITDA numbers, plus $10 million for the purchase of the RTP’s.

EBITDA Multiple: $75,283,438 US = 3.5 x’s average of 2021,2022 and 2023 projected EBITDA

RTP $10,000,000 Seller has developed over 200 RTP opportunities

Purchase Price $85,283,438.00 US

Initial Capex: $10,000,000 (includes closing, initial cash)

RTP: $10,000,000 US CAPEX for RTP operations to be spent over 5 years

Contingency: $10,000,000 (sales price adjustment, misc.) may or may not require this

TOTAL $115,283,438 US

I created an equity/debt structure with an equity partner putting in $40 million and getting 65% of the project's equity

Debt covers the remaining $75,283,438.00 for 10 years @ 12%. Payments start in year 2 of the project

3% Consulting Fee

The structure above can be altered to suit buyers' desires & comfort levels.
















Fisher County, TX Non-Operated WI Offering. The asset has an excellent bellwether producer in the 2-mile horizontal Buffalo 6-8 #1H well completed in the Strawn “B” and Goen Limestone. The package also includes a 36% Non-Operated WI in the 9,162 contiguous Joint Development Acreage (3,298.26 net acres) with the potential of 15 additional locations (11.5 net). Following are additional highlights:



One Active 2-Mile Horiz. Strawn “B” and Goen Limestone Well

August 2023 Avg. Production: 695 Bopd, 640 Mcfd

8-Month Cum: 149 MBO, 137 MMcfd (1,600+ BTU, 7.66 GPM)

May-July Net Average Income: $276,742/month

25% WI, 18.75% NRI made available in the Buffalo 6-8 #1H

36% WI, 27% NRI in Joint Development Acreage – 3,298.26 Net Acres

Includes Ownership in Gas Gathering, Electrical, and SWD Infrastructure

Continuous Drilling Commitment = 4 Per Year

Established, Well-Known Operator

Offered on a First-Come, First Served Negotiated Basis