Details

11 capped oil wells on 20 Acres - Asking price: Undisclosed (submit an offer)
Details
• Across from Disney New Headquarters
• 20 Acres of Oil & Gas land includes 6 + oil wells richest in Oil & Gas minerals with 102 years of Proven Oil & Gas reserves, lots of mining near areas.
• 20.00 acres Oil & Gas Fields ID# 2848-011-001 Grandfathered-in Capped Idle wells with proven reserves.
• Production reports available with Dept of Oil & Gas of Los Angeles County, California going back to 1800 done by numerous major Oil companies
• The chromatograph shows a concentration between c7- c15 meaning this is very close to diesel & gasoline.
• Property is Free and clear
• Sold As Is
• Seller will carry-back if needed.

No current production: No Production since early 1980’s
• 2 1/2 barrels per day report files by Charles Townsend filed in November 1982
• 2 1/2 barrels per day averaged back in 1902 in very shallow wells about 520 feet Page 68- Operator Freeman & Nelson-
• Furnished fuel oil for drilling rigs from 520 feet deep wells
• Considerable Gas Findings

Geological Evaluation & Survey Estimate
• Standard value of oil fields is equal to cost of total hydrocarbons produced for the last 3 years
• Very possible the value of our oil fields is worth much more based on total hydrocarbon left underground.
• New technology & higher price of oil should justify cost to drill & complete
• According to new Enhanced Oil Recovery Technology, new reports can recover up to 90% of hydrocarbons left underground in our fields
• Large amount of hydrocarbons was already recovered from our oil fields. Static pressure of oil producing formations drop a lot & oil from adjacent land could migrate into our fields.
• Remote geophysical survey technology is over 93% accurate to measure the total volume of multilayer hydrocarbons up to 9000 feet deep hydrocarbon deposits contouring & optimal drilling points with GPS accuracy at our fields.

NOTES BY OUR GEOLOGIST
• There are no rods, tubing or tanks
• Casing histories are enclosed in report
• Oil from Core Lab Report: 44.5 gravity API, Viscosity 0.7 centipoise, Oil Density 0.8 g/cc @ 60 degrees
• Wells were probably never rod pumped, probably all production was flowing. No production records available, Only IP’s.
• Oil Reservoir: Fractured Schist
• 72’ in Willhoit well API #037-06253
• Porosity & Perm from Fractures
• Oil & Gas Saturation: unknown
• Formation Pressure & Temperature: unknown
• No current production or production records
• OOIP: unknown
• IP’s from 2.5 to 100 Barrels per day, with “some to considerable gas” (gas was not very valuable in 1898)
• Water cut unknown
• Possible Frack candidate & horizontal drilling
• Logs are enclosed with report
• 4 wells reported Initial production rates (see tabs #7,11,13 & 15)
• This is all that can be gleaned from the DOGGR records.
• A fluid level in the open well that we went to could give us a present pressure reading.
• Geochem survey could confirm presents of hydrocarbons
• But, we already have wells with oil production & the oil & gas seep at the bottom of the hill.

3 Logs
Tab# 34
Charles Townsend
Tommy Walker #1
E-Log
Tab #6
James haggard
G. G. H. & O. #1
Mud Log
Tab #13
John & Herold Willhoit
Willhoit #1
E-Log
All of the other wells were too old or only have driller’s logs.
Additional 237 acres of land - 3 parcels for sale located next to this land across from Disney's New Headquarters $75K acre

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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.