60 BOPD 75% working interest $475k

9 recently re-worked, producing wells on 488 acres. This lease has plenty of room for new drilling and has never had a water flood. One of the 9 producing wells could be converted to an injection well, and a water resource well could be purchased from a neighboring lease. A water flood is projected to increase each well's output to 5-10 BOPD. With 8 of 10 wells producing at this rate, the pay-back period is only 5 months. Because this lease has never been flooded, only 34,200 bbls of the P50 OOIP estimate of 802,026 bbls have ever been produced. Let's talk!