9 Wells (6 Producers / 1 SWD and 2 Shut-In SWD).
-This is a turnkey package.
-Wells located in Stephens County, TX.
-The field has been completely shut it for upgrades including multiple new downhole pumps, new ss cat triplex injection pump, new electrical panels, new engines for pumping units, tubing repairs, rod improvements, etc. The field is now in 100% working order aside from 1 producer needing a larger pumping unit.
-Total Production averages of 10-12 BO/D and 200 MCF/D.
-All Producing from the Marble Falls/Conglomerate or Mississippian.
-Slow Decline Curve with Additional Upside Future Uphole Potential.
-Uphole potential in Caddo, Strawn, and Doss.
-Net Income after royalties, taxes, and expenses ~ $22,100 ($65-Oil / $2.75-Gas).
-Price is $625,000 for 100% Operated WI or $525,000 for 80% Non-Op WI.
-Minimum 5% Non-Op WI per investor @ $37,500 per 5% WI.
-Operated WI Must be sold at 100%.
-Seller is Owner/Operator.
-Owner Financing Available for all structures with 50% down and remaining balance paid over 12 months @ 10% APR.
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