09 Apr SOLD- 6/25/22 – TX Hybrid Rework/Waterflood – ID 1215
Posted at 14:31h in Opportunities
Latest: Power on site, #3 well online…refitting screens and packer this week, #5 and #10 to be re-entered this week
500 Acres with 12 wells (oil, injection, disposal)
Lease produced 1.75MMBO from 2006 to 2019. Single well IP 1800 BOPD in 2006.
Estimated 1.2MMBO recoverable remaining
Lease idle…all equipment already on lease
Plan to re-install electrical, site cleanup, and bring back online all wells to produce at least 200 BOPD.
Production could peak 300-500 BOPD
Estimated ROI +20:1
$25k per 1%WI…10 units remaining