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LA Production 50-60BOPD
Listing ID: 530

Description:

Current production opportunity in La Salle Parish, Louisiana. Well is currently producing 20 barrels of oil per day and was completed in late March of 2011. 

  • Initial production was 100 BOPD in March 2011.
  • Production is coming from one of three pay zones.
  • Production lives of wells in the area are typically 12-20 years.
  • Estimated 130,000 barrels of oil in reserve.
  • Production could increase to 30 BOPD in the next 2 months.
  • New salt water disposal well also included on lease.
  • Participation in future offset drilling opportunities available on 260 acre lease.

 Located in La Salle Parish, Louisiana, this well is one of only two wells drilled on this lease. With an average depth target of around 4,700', this drill area has had consistent production for over 60 years. Operator has had over 30 years of previous oil and gas experience in East Texas, Louisiana, and the surrounding area.

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