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N TX Lease Re-Development Program

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jmmink
Published 01/23/2019 - 8 years ago
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Location
TexasDistrict 09Young
Category
Investment
Description

1500 acre lease. Has produced over 100 MBO in single payzone

Over 1 MMBO in estimated recoverable reserves in PDP payzone with 2 untested payzones.

Plan is to re-enter multiple wells to re-complete in PDP zone and test 2 others to bring lease production up to at least 25 bopd – Phase I

Estimated payout between 8-16 months and potential +8:1 ROI.

Price above for 50%WI @ 75%NRI – turnkey Phase

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N TX Lease Re-Development Program