~300 bpd, 100% WI, Huge Potential, Turn key$ Protected
Mom and pop company ready to sell. Currently making about 300 bpd and 500 Mcf/day. 535 wells, good amount were shut in January of this year due to a deal falling through that required us to let field personnel go and were subsequently forced to curtail production while we built personnel back up.
Showing 169 inactives but at least 75% of these wells just need to be pulled and brought back on. Almost all have fully functional equipment in place, these leases just need a little love and have strong production curves.
From what I’ve seen in the market, this package has the most potential by far.
Currently holds just over 3200 acres of deep rights and about 5500 acres of “shallow” (5k and above) as well as some surface.
Priced to sell
Will come with completely reconditioned Franks triple double service rig with 2 dog house and pipe trailers, 2015 GMC crew truck, and Franks parts rig.
Full Financials upon request
Fresh Engineering report
*will need proof of funds, we’ve been through enough tire kicking
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