Oil and Gas Well Trader

Working interest

Price
$ 62500
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Location
Texas
County
Mitchell / Scurry
Formation
Strawn
Year Put Into Production
2010
Percentage Owned
70.00 %
Approximate Cashflow Per Year
$ 50000
Approximate Cashflow Last Month
$ 0
Description
320 acres, 70% lease,Initial production est 600 bopd for 6- 12 months then flatline production of 250 bopd, 300mcf gpd. 7150 ft depth. 3500 - 4000 ft horizontal with 8 - 10 stage frac. 50,000 bbls fresh water & 2 million lbs of sand for frac. 12-16 mo payout. $62,500 per 1%. Can be broken down to as low as a 1/4%. 100% tax write off over 3 year period.Offset to Texaco Ison vertical well. Discounted price if 3% or more purchased.

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