New Water Flood Project To Develop
Looking for partners to develop an existing oil lease with 12 wells to work over. We are going to permit two injection wells and water and gas flood a field that had initial production rates per well of 25-125 bbl a day per well. 3 dutcher pay sands to develop and initial production after field is developed should be approx 12-15 bbl a day or more. Production will just increase as pressure is increased in the formations. Looking for 125k for 45% wi. Roi is 24-36 months. It will take us 90-120 days to complete project and revenue to start flowing back to investor. This is a proven field with people water flooding around this lease. This is also a revenue stream that will last for years.
Financials (USD)
Asking Price Not Disclosed
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