160 Acre Lease with 2 wells recently drilled and installed gas line by previous operator
Lease has produced over 300MBO since 1959 in 2 target sands
First well drilled recently produced 100 BOPD before being shut in due to pulling too hard near water by previous operator.
Plan is to come uphole on the first well to complete higher, complete the second well, and drill and test another well.
Estimated 50-100 MBO recoverable with production rate estimates 25-50 BOEPD per well
Estimated Payout conservatively between 8-16 months and 5:1 - 8:1 ROI
$14,500 for 1/64th (1.5625%) WI at 75%NRI per WI point.
18.75%WI available. Ask for prospectus...I expect this to sell out quickly.
400 Acre Lease with SWD
First well drilled in September IP 45 BOPD now doing 15 bopd under light pumping intervals.
Second offset well drilled and logged in December with IP of 45 bopd in February. Awaiting Completion this week.
Plan is to drill single offset well to 2,800’ to test and complete in the King Sand.
Estimated 30-60 MBO recoverable with production rate estimates 35-50 BOPD
Now $4,200 (was $4,500) for 1%WI @ 75%NRI minimum 2%WI purchase. (first right of refusal on subsequent wells).
20%WI available at this price...then price goes back up to $4,500 per point
80 acre lease with 400 acres for expansion in Jefferson County, KS
Lease has produced from
1,500' in McClouth Sand
Now the wildcat:
1 well half a mile away was drilled to 3,200' in the 1920's with only geologist notes showing 100ft of oil never completed around 3,100'
The notes, however, make it very appealing for further inquiry with academics keenly interested in the tests.
Plan is to drill to 3,200' to test multiple zones for oil, gas, condensate, He, etc.for economic development (based on academic hypotheses).
McClouth Sand (secondary target) estimated to produce 2-5 bopd if primary target uneconomical.
75%WI available @ 85%NRI for blocks of 5%WI @ $9.5K to the casing point only. Cash call based on findings for completion.
4 fairly mature wells producing +35 BOPD combined with SWD.
Room to drill or re-enter more wells on leases
$1.2MM for 100% WI with royalties between 79%-85%. Can do ops or non-ops.
Offset well produced 35 boepd for 24 months before casing failure under a different operator on lease
Operator has recently performed similar program on adjacent lease with favorable returns in same formation
Estimated 30-50 boepd (mostly oil)▪Payout estimated between 12-18 months conservatively
12%WI available @ 75%NRI rate at the following amounts:
1/64: $7,675 1/32: $15,345 1/16: $30,690 1/8: $61,380
Single horizontal well drilled in October 2018 the heart of the Permian Basin on expandable acre lease.
Well producing + 400 bopd and +300 mcfpd in target zone with other zones behind pipe
Well abutting acreage in the 3rd Bone Springs is producing over 1500 BOEPD in May, which is present in hole in this well.
1/8th carry (12.5%WI) with acreage. Heads up on drilling second well (AFE for 100%WI @ $10MM). Contact directly for price (will need to sign NDNC).
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