30 BOPD + Upside est. 20 BOPD, work mostly completed$ Protected

Oil well with a 24-hour test at 335 bopd IP has continued producing at 25-40 bopd (average 30 bopd) with use of a water disposal well on location.

Due to a partnership reorganization, the well was temporarily shut in in August.
Production in that month was
30 bopd Oil, 500 bbl Water and 30 mcfpd Gas.

Tank battery, gas pipeline, submersible pump and disposal well are in place. This well can immediately be put back online.

UPSIDE:

There is substantial upside in a second nearby well, estimated at 20 additional BOPD, on which work is mostly completed.
All equipment is installed on the well, with only a pumpjack needed.

The disposal well to handle its water is permitted, with tubing and packer already in place. Only $30,000 (as a shared partnership expense) is needed to finish work and bring this second disposal well online.

TERMS:

60% WI (up to a possible 71%) can be made available, on a 78% NRI.
Price above per 1% on first 60% WI (terms may differ on add’l 11%, if available).

a) You can take over operations.
b) Operator can continue through a transition period.
c) Operator is willing to stay on, if desired, with a residual interest.

Please reply with full contact information for potential buyer, or buyer’s direct agent. E-mail or a text message are preferred in case I am in meetings, etc.

Thank you.


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Date Posted: Wednesday, March 13th, 2019