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Details - Information last confirmed on June 12, 2021
Pristine setup of 3 adjacent leases each with one large producing well and large acreage for new drills or reentry possibilities. The Package is currently making around 40-50 barrels per day and we just brought on another big well that should stabilize around 25-35 barrels per day
Location / Legal Description: Mariena #2 - 83% NRI - #23264 Dist. 7B – 42-08131380 Producing well was originally drilled to the Ellenburger but was only tested to the Strawn by the previous operator. In September of 2018, drilling out the cast iron plug was performed to test the Ellenberger. The Mariena well that was doing 55 bopd and 700 bwpd in the Ellenburger using a sub pump. In March of 2019 it got a hole in the casing and fixed last year and is now producing at pre-March levels. The Mariena’s SW is piped to the Davis at cost of .10 a barrel paid to the landowner There are 2 cased plugged holes that are re-entry candidates drilled to Ellenburger (42-08131464 & 42-08131355)
King - 85% NRI #23164 Dist. 7B – Legacy well – 42-08131461 160 aces all depths (80 ac proration with each well) Expenses per month around $3k No SWD, water trucked, Averaging 15-20 BOPD Additional Potential: Inactive producer 42-08131356 – needs liner ran & cemented in existing 5.5”
Davis - 80% NRI –- #32307 Dist. 7B – producer and SWD – 42-08131327, 42-08131350 160 Acres all depths. Setup completed in March, this system currently runs off of a Natural gas generator but power can be brought to the location for around 30k. This is a very sophisticated setup with lots of automation and alarms in place. Came on in March around 35 bbls per day then ran into some rod issues that have been fixed. It looks like the Davis will stabilize around 25 to 30 barrels per day.
Asking price $1.7M
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