30 BOPD + Add’l 20 BOPD With Hookup Of 2nd Well$ 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.

– Payback is at 3 years or less, based on recent production (from the first well only, and not counting the upside from the second well).

– 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.


– Substantial upside in a second nearby horizontal well, estimated at 20 additional BOPD, on which work is mostly completed.

– All equipment is installed on the horizontal well, with only a 640 pumpjack and rods remaining.

– The disposal well to handle its water is permitted, with tubing and packer already in place.

– AFE (as Joint Interest Billing to the 100% WI) to finish work and bring this second horizontal well back online:

$65,000 for a 640 pumpjack, including rods and installation.

$30,000 – $40,000 to complete work on this (second) disposal well, depending on time needed to drill out the plug.

– 2 lease parcels, 320 acres each, with one horizontal well and disposal well on each.

– Low rate of decline, 2-4%.


– 30% WI (minimum) up to 78% WI (maximum) can be made available.

– 78% NRI.

– Price above per 1% WI

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.

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Date Posted: Wednesday, March 13th, 2019