15 Jan Jan 2023 – TX Single Well Drill – Est 8-14 Month Payout
Posted at 10:23h
in Opportunities
Lease in Lavaca Co. TX
3 wells drilled on lease. Logs and seismic
Operator plans to drill to test the prolific Midway Sand (channel)
Estimated 500MBO & 10BCF in Reserves for Single Drill
Estimated 7:1 ROI over well lifetime
Drilling ops to start in January
Estimated 6-14 Month Payback based on $75 oil and $5 gas
$76,800 per 1%WI @75%NRI – ONLY 4%WI remaining