Details - Information last confirmed on January 5, 2021
South Texas Oil Lease for Sale.
Wilson County - 45 minutes SE of San Antonio.
La Vernia Field - Navarro Sands Trend
Shallow production ~ 1,500 feet
Rights To All Depths including Eagle Ford & Austin Chalk
100% operated working interest for sale at 75% NRI
Current Production: ~5 BOPD
- Peak of activity on the lease was in the early 1980's boom when a series of 22 wells were drilled
- Current operator has drilled and completed four new wells in early 2017
- Ability to clean out and equip existing wellbores for quick jump in production and 70%+ ROI
- Well pattern in place to conduct pilot waterflood
Would also consider continuing to operate with right investor to fund re-equip of existing wells.
Sales information package available
Contact Seller For More Info
Not an offer to buy or sell securities.
Sign up for a free membership. Get instant access to thousands of listings. Learn about our membership plans.
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.