Selling Interest in 84 BOPD oil well
This is a closed-in well located in Clarke Co, MS. This well was recently re-entered and
the top 16' of the Smackover formation was perforated. We swab-tested for two days
with the well making a 30-40% oil cut, and a fluid rate of 278 barrels per day. At this rate,
I believe we can make 70-80 barrels of oil per day, along with water.
I am looking for partners to take a 25% interest for $250,000. I can also sell 5% interests for $50,000.
The funds will be used to finish out surface facilities and get the well pumping.
Financials (USD)
Asking Price Not Disclosed
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