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TX Prod. & JV Drill Opp
Listing ID: 551

Description:

With 2 projects available, the project seller plans to sell working interest in 2 existing wells and also to drill 2 new offset wells on the lease.

  • Well production from first 2 wells is a combined +70 BOPD and 120 MCFGPD.
  • Previous well in area in same target zone, before getting sealed up in the 80s, produced a total of 52,000 barrels of oil equivalent.
  • Average well life greater than 20 years.
  • 2 wells produced 90+ BOPD in July.
  • Additional pay zones available.
  • Operator expects commercial, water-free oil production from this formation.
  • Target Depth of 3,400'.
  • Other productive formations include the Gardner, Jennings, and the Grey.

Located in the Morris Sand formation of Coleman County, Texas. With infrastrcuture already in place, this lease is also within a 320 acre tract of which it will produce from. Operator also has previous experience as he has already drilled and completed several wells in Coleman County on various leases in the same target formation. As a result of these well completions, the Operators staff consists of well-rounded and experienced individuals.

 

To view this listing directly please click here: http://www.petrolucre.com/blog/2011/07/14/Coleman-County-Texas-Production-and-Drill-JV-Program-70-BOPD-120-MCFGPD.aspx

 

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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