Business Overview:
Texas Oil Deal $285,000 Estimated 12-24 BOPD
Easy acquire.
The Oil Field includes 2 active leases with 15 total wells. This lease consists of 12 shut in producing wells, and 3 Salt Water Disposal (SWD) wells. The lease covers approximately 160 acres.
When 5 of the 7 shut-in wells are brought on line it is expected that the production rate will be at least a consistent 1.5 - 2 BOPD per well or 12 - 24 BOPD. The key to the success of this project is the rework and to optimize the production of the current shut in wells. Rework on the wells will normally not take longer than 2 to 5 days per well. After the shut in wells are reworked, production should increase to an average of 1 - 2 BOPD for a potential total production of 20 BOPD. The depth of the current production is approximate 600 feet. During the rework of the wells we will evaluate the potential of uphole production and plan to perforate and treat potential zones to increase the wells production.
The Net Revenue Interest available is 80%. The current oil buyer is Conoco.
TERMS
Purchase Price. $285,000
Participation: 75% working interest of the 80% Net Revenue Interest. This includes initial rework of 8 wells which includes all equipment and services needed to bring the wells on line in a producing status.
The lease is located approximate. Young County, TX
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.