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Yegua JV Rework Opp.
Listing ID: 540

Description:

Lease participation available in Hardin County, Texas with 450+ acres. The plan is for the Operator to acquire the leases and rework 2 producing wells in the Yegua Sand to increase production to 30-40 barrels of oil per day for Phase I.

  • Estimated 40MBO PDP per producing well.
  • 2 producing wells at 12-13 BOPD combined solidly since early 1990s.
  • Located within the Yegua trend (5,500’).
  • Rights to additional phase participation (ask for detailed summary).
  • Over 1,000 well in area producing 5,000 BOPD.
  • Multiple pay zone targets.

 

Once Phase I is complete the Operator will then move on to Phases II & III. Phase II will consist of reworking the multiple shut-ins that have an estimated 65 MBO in recoverable reserves. Phase III will focus on potential offset well targets that also have an estimated 80 MBO in recoverable reserves as well. The Operators team, which has over 18 years of field experience in this particular area, has an infrstructure already in place. Within that team are experienced geologists, engineers, and field operators that currently work other multiple leases in the U.S.

 

 

For more information on this project please contact us at info@turnkeyoil.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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