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Wyoming 5-Well Rwk
Listing ID: 528

Description:

This drilling program is located in Converse County, Wyoming, southwest of Douglas. The Operator plans to rework 5 marginally producing wells in order to increase production to 12 barrels of oil per day per well for Phase 1.

  • Operator estimates there is about 1.5MMBbls of recoverable oil in reserves.
  • Currently there are 27 wells on site producing 30 barrels of oil per month.
  • 2,800 acre lease.
  • Room to drill an additional 22 new wells on 40-acre spacing and an additional 21 wells on 20-acre spacing, eight of which are PUD’s.
  • Oil Gravity of 39.
  • Field has been in production since 1967.
  • Depth Target between 810’ to 3,170’.

 

Located in ConverseCounty, this drill area is surrounded by production. It has also been estimated that the selected field is a stratigraphic trap which produces oil and gas along the up-dip erosional edge of the Cretaceous Sussex Sandstone. The Operator is a current owner of various oil and gas fields in North Eastern Wyoming and is known to have a high level of professional integrity. With over 130 years years of combined oil & gas experience, the operator is capable of improving performance of their oil and gas assets and making them ready for sale, essentially taking a new asset from analysis and feasibility studies to production and marketing.

For more information about this project please visit: www.petrolucre.com

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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