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SE TX Production Rework
Listing ID: 525

Description:

Current drilling program located in Brazoria County, Texas. In conjunction with the Operator, the plan is to rework 4 wells in order to produce 80-90 barrels of oil per day. Current production on lease is producing an average 20 BOPD.

  • Depth of well no greater than 3,350’ to 3,800’.
  • Accelerated payout returning capital in less than 1 year.
  • Recoverable reserves estimated to be at least 350,000 BO.
  • Estimated minimum 4:1 return on investment.
  • Opportunity for additional oil prospects on current lease as well as participation in larger plays in same field.
 
This drill project is specifically located within the Damon Mound field of South East Texas. Field is known for consistent production after IP.  Current lease has been in production since 1949 and produced anywhere from 70-124 barrels of oil per day. Operator has tested numerous approaches, verified what works, and refined a strategy that, with proper capitalization, will maximize profitable production from existing leases and enable the Seller to acquire and optimize additional leases in current and neighboring fields. Operator personally has over 30 years of indistry experience and knowledgeable of the area under contract to operate lease.
 
 
This is not an offer to buy or sell securities.  Oil investment carries very high risks. Please read our full disclaimer before making any decisions. The information provided about projects and opportunities on are based on the best available information but has not be verified by Petro Lucre LLC and is subject to change at anytime.  Petro Lucre LLC does not make any warranties about the information provided herein and each respective party much do their own due diligence and verification.
 
 
The full disclaimer is available here: http://www.petrolucre.com/Disclaimer.html

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