Oil well doing 12.5 bopd in TX in the Tannehill Sands. Did 13.5 bopd last year - shallow decline
Salt water injection well taking 20 bwpd on vacuum
Estimated $1200 MOE
$500k for 100%WI @ 75%NRI Ops
Working interest in a single well in TX (75%NRI) managed by an operator I’ve known for years
70-100 mcf of gas a day
Estimated $3500 a month net @ $2.50 per mcf doing 80 mcfpd
Typical operating expenses around $500 a month.
$33k for 50% working interest
3200 Acre leasehold producing 64 BOPD from 34 wells
Plan is to purchase leaseholds and rework producing and non-producing wells to conservatively double production for Phase I.
No workover payout estimated at 26 months
Workover payout estimated to double production is less than 16 months
Operator has extensive leaseholds, experience, and production in area.
$1.6MM for third for a quarter....$100k per block – (can break up)
Operator to drill 10 wells to the New Albany Shale to test shallow vertical depths (less than 5,000’) with 1800’ Hz legs
First and second well already drilled, awaiting completion on first
Shale is NATURALLY FRACTURED...estimated 3-4 stage fracking upon good test
Estimated payout of wells of less than 5 months @ $54 oil in shale alone
Estimated monthly break-even is at $20 BO in shale alone
Estimated 5:1 to 15:1 ROI over well lifetime
Natural gas reserves (in contract phase) for added value
Operator has 90% success rate drilling in the Basin
$15k per 0.125% WI Point @ 85%NRI
$28k per 0.25% WI
$106k per 1%WI
Operator to drill 2 vertical wells on 440 acres. Primary target is Waltersburg Sandstone with potential secondary targets.
Shallow vertical depth (less than 3,500')
Surrounded by production in same target zones
Estimated 70-100 BO IP per well
Estimated payout of wells <8 months @ $54 oil on primary target
Estimated monthly operating break-even is at $20 BO
Estimated +3:1 ROI over well lifetime in primary target zone
Operator has over 90% success rate drilling in the Illinois Basin
Operator in business since 1984
$50k per unit (3.41%WI) @ 80%NRI
22 Units available
Company with solid book into both oil and gas and solar/wind industry (actually did better this year than last)
Fleet vehicles and contracted labor with solid distribution and back office
Low Debt to Income Ratio
Contact us for direct information with NDNC
Lease has produced over $5,992,000 net of severance taxes since 2014
Drill location in sight of wells that flowed _water free_ for 2 years before going on pump in target payzone.
Depth target of 3,800+. Rights to all depths.
Payout estimated between 12-18 months conservatively.
1/8th remaining @ 75%NRI. Can purchase down to 1/64th for $8,200 drill, test, complete.
1100 acre Leasehold regionally located along Eastern margin of the Delaware Basin
Highly active O&G development area, with operators such as Felix (WPX), Jagged Peak (Parsley), and Oasis
Historic horizontal production mainly from Wolfcamp A, with operators recently successfully testing the 3rd Bone Spring in the immediate area
1st well drilled (initial 1-mile lateral) exhibited IP30 of 550 BOPD / 650 BOEPD and has cumulatively produced 145 MBO /170 MBOE to date (1st production September 2018). Currently producing 150 BOPD + gas.
Recent down spacing tests by offset operators confirming 8-wells/section for multiple landing zones
Price and dataroom subject to Non-Disclosure Agreement
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