Details - Information last confirmed on May 28, 2021
6 Oil Wells to be Re-Opened.
1% Working Interest for $55,000
Permian Basin, Texas
The Oil Company currently owns six oil wells. Partners finance One Well Only But will own a Working Interest in all 6 wells. After the sale of the first well, The Oil Company will use their portion to re-open the next 5 wells. WI partners receive their 1% of monthly income and their 1% of the sale price of the well. They DO NOT need to provide financing for the additional 5 wells. Upon joining as a Working Interest partner, The Oil Company will assign your Working Interest in the 6 wells currently own. The properties consist of approximately 500 acres. One well can be drilled on each 40 acres, into each production zone. Each property has 3 different production zones. This means that we have the Right to drill an additional 30 wells more than the current 6 wells. This is a valuable property under anybody’s assessment.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.