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TN 2-New Well Opp.
Listing ID: 539

Description:

Two new well prospects available on producing lease in Tennessee. In conjunction with the Operator, the plan is to drill and complete both wells in order to ultimately produce 20-60 barrels of oil per day combined.

  • Off-setting wells with production rates between 15-125 BOPD.
  • Multiple pay zone potential.
  • Target Depth of 1,200’.
  • Upside on additional wells on lease.
  • 60 acre lease.
  • Estimated recoverable reserves of 25,000 BO per well.

Located in Fentress County, Tennessee, this well development area has been in existence since the 1970's. With over 80 years of combined management experience, the Operator's team also has extensive knowledge in manageable properties with low operating expenses in this lease area. Operator is also local (5th generation oil man) and has drilled over 125 wells total.

 

Contact us if you would like additional information at info@turnkeyoil.com 

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.

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