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Utah Production Pckg.
Listing ID: 550

Description:

This producing lease package is currently available in Uintah County, Utah. Currently, there are 7 producing wells on the lease.

  • Ave 103 BOPD & 83 MCFPD in 2010. Current production is 62 BOPD
  • 800 Acres.
  • Depth of formation approximately 3,600’.
  • Wells in production since at least 1984.
  • Equipment condition is fair. Operator has been making steady infrastructure improvements for past 4 months under Seller direction.
  • Ave decline rate for past 10 years of BOPD is 2.0%.
  • Estimated 25-30 years left of well life.
  • Productive formations in this area include Green River and the Uinta.
  • 17 Well candidates on 40 acre spacing – ballpark reserves of 100 MBO recoverable per well.
  • Operator looks to bring production to 100 BOPD.

 

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