Three (3) Wells (100% Operations
The property offers an estimated potential of approximately 100 MCF/day from all gas wells; each located within the Mooringsport formation at a depth of 3,800 feet. Ownership includes the opportunity to acquire an operator number with the purchase. These wells produce minimal water due to prior injection operations that have enhanced overall production. The royalty interest stands at 75% NRI, with additional acreage available for further drilling if desired. Conveniently situated in East Texas, the low-maintenance wells are within walking distance of one another, and gas is already connected to a pipeline with electronic meter monitoring in place. Operating expenses average around 25%, and the current market environment supports a potential average net revenue exceeding $2,100 per month.
Financials (USD)
Asking Price Not Disclosed
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