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Description
900 Acres with multiple wells in multiple proven payzones including Shallow Permian and Strawn Sands
Currently Producing 57 BOPD & 260 MCFPD with net revenue @ $1.3MM in 2016
Purchase will fund “Phase I” reworks and repairs to bring estimated $500k in monthly net revenue and estimated Year 1 revenue around $6.5MM.
Total proved reserves @ $23MM.
Additional planned phases will be heads up with the operator.
Price above for 75%WI & 60% NRI non ops
This is not an offer to buy or sell securities. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions.
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