Three (3) Wells (100% Operations)
There is potential for over 16 barrels of oil per day from Petite formation wells at 6,000 feet. Currently, one well is producing; two require workovers. Minimal water is hauled 2-3 times annually. The royalty is 75% NRI. Additional acreage is available for drilling. Wells are low maintenance, located in East Texas, and grouped with dedicated tank batteries. Operating expenses average 30%, with estimated net revenue of $14,400+ per month at current prices.
Financials (USD)
Asking Price Not Disclosed
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