1280 acres in McKenzie County.
Highest producing county in the United States. The State of North Dakota reports a 99% success rate for the last 8,000 wells drilled in the surrounding area. The state also reports a break-even price of 26$-28$ dollars per barrel. Even at 40 dollar oil, payback is less than a year. 80% of invested funds are eligible for tax deductions.

Initial 1 Well project, with potential for 6 more.
We are looking for direct participation, industry partners, or broker dealers to help us finish this project. We have acquired a drilling permit and a road permit. We have just signed an agreement with the vendor to begin road construction to pad site.
Estimated cost for drill, test and completion is around 5-6 million.
1% Working Interest 0.75% NRI= $110,000
We have 25 percent left of the project and are looking to close it out as soon as possible.

Posted Jun 20, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.