31 Aug SOLD Archer County TX Production Rework JV – ID 1210
Posted at 14:42h in Opportunities
Multiple leases within 6 miles of each other.
Combined 3 bopd through 7 wells in Caddo and MS Lime
Plan is to place pumpjack on 1 flowing MS Lime well and possibly re-enter a second. (Shooting for at least 10 BOPD)
Goal is to produce enough oil that will deliver at least 1.5:1 ROI in a short timeframe to the investor and operator once sold.
Leases above 75%NRI
$85K for 50/50 split with Operator on lease acquisitions (heads up on completion)