15 Jul 3/20/23 – Update – TX Re-frac Single Well – ID 1219A
Posted at 11:30h
in Opportunities
Wellhead fixed, pipe to be pulled on Monday 3/27/23
Re-Entry into existing well where the cement job failed in another payzone
Plan is to frac in the Lower and Upper Wilcox to produce +40 BOPD & 2MMCFPD
Estimated 6-8 month payout based on $70 oil and $3 gas
Over 1.9BCF and 22MBO in reserves
$14,800 per WI point @ 75%NRI. 10% available (already fully funded)