Sign In | Register
Contact: 1-888-766-8442

OK Well Drill Opp.
Listing ID: 547

Description:

This drilling program located in East Oklahoma and is a single well prospect.  The Operator plans to drill a 3,800’ vertical well in order to produce an excess of 150 BOPD to prove the current lease. Additional prospects exist on the lease and will be part of a later phase.

 

  • In-Field drilling program (PUD) on historically producing lease in the Wilcox
  • Shallow depth of Wilcox at 3,800’
  • Less than 9 months pay out under low performance projections
  • Estimated 150 BOPD but 400 BOPD would not be unusual.
  • Wilcox wells in Okfuskee County are starting to report good production from vertical drilling programs
  • 30 days or less to production upon financing

 

Contained in Okfuskee County there is a major competitor who is obtaining leases to the Wilcox, thus increasing prices for leases in the area. Near the lease is a Wilcox well with which IPed 400 BOPD for 90 days with similar geology and equipment before being sold.  As for the owner, he has been in business since 1982 and has worked in the Barnett Shale, Appalachian Basin, and Austin Chalk. Also, like many others in the area, the owner is an independent, growth-oriented energy company engaged in the exploration and production of oil and gas with a high success rate.

 

To view this article directly please visit: http://www.petrolucre.com/blog/2011/06/27/Okfuskee-County-Oklahoma-Single-Well-Completion-Est-150-BOPD.aspx

 

This is not an offer to buy or sell securities. The information contained within this post has not been nor will it be verified by Petro Lucre LLC and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.

For more information, please contact us at info@turnkeyoil.com

Directions:

Find Property on the map:
 
 
 

Click To Search Map
 
Utah South Real Estate
 
Pacific Steam
 
Integrity Tax LLC
 
D&B Real Estate
 
Outdoor Eco Soap
 
Cabazio
 
 
Look for Property