Central TX Shallow Lease Development$ Protected
40 acres on 5 acre spacing.
Plan is to drill 2 wells into Caddo, Marble Falls, and Ellenburger to 1600′.
Estimated production between 35-75 BOPD per well based on adjacent leases drilled by partnership and other operators this year.
Estimated payout under 6 months with conservative production and $40 oil.
100% WI /75% NRI at price above. Turnkey non op with 1/16th carry to the operator.
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