Nueces County, Texas approximately 9 miles southwest of Corpus Christi will be drilled vertically to approximately 8550’.
East Bishop field on an approximately 900 acre lease that is held by production.
Acreage 100 acres.
40 acres spacing.
The prospect location is in an area that has over 20 different Frio pay sands from 6000’ to 8500’.
Randy Andrews, mapped many of the main Frio pay sands, there are 5 primary payzones with another 15 secondary payzones that should be encountered.
The main overall objective of the well is the 8250’ sand. This sand is over 20’ thick.
Anticipated ultimate total production from the well should exceed 4 Billions of Cubic Feet of gas and 500,000 Barrels Of Oil.
with daily production at 30-100 Barrels Of Oil Per Day and .5 – 1.5 Million Cubic Feet Per Day.
Low production of 50 barrels of oil per day and 1 million cubic feet of gas per day at $40 oil will give you 31% return $2 gas will give you 31% totaling 62% annually.
Average for the wells being operated is 91bl of oil, 5 million cubic feet of gas per day, and 59bl of gas condensate.
80% Net Revenue Interest
PRIMARY OBJECTIVE: Dorsogna Sand, Elliott Sand, Scoggins Sand, 8200’ Frio Sand, 8250’ Frio Sand.
SECONDARY OBJECTIVES: 7 other main sands, and 8 minor sands.
$15,000 for 1% of project. $11,500 drill and test $3,500 completion
The East Bishop Field has produced over 10 Billions of Cubic Feet and 815,000 Barrels Of Oil and is still producing.
No fracking sand formation
Asking Price $15,000
Sales Available On Request
Profit Available On Request
You May Also Like
Drilling Prospect - Ft Worth Basin #463793 posted Mar 1, 2017
- Dallas, Texas, United States
- Available On Request
We are a 15 year old company with over 100 years of hands on oil field experience in the Fort Worth Basin. We have identified two horizontal drilling prospects on our acreage position in Cooke County Texas. The drilling locations offset wells drilled by EOG and Burlington Resources. We are looking...
Woodbine Prospect, East Texas #400820 posted Feb 18, 2016
- Van, Texas, United States
- Available On Request
Woodbine sands in East Texas are capable of producing one million barrels of oil per well. The prospect that we have is approximately 2 miles from an Exxon lease that produced more than 1,000,000 barrels per well. Exxon wells potential was up to 1,600 barrels in 24 hour tests. Several wells produced...
Central TX Reworks with Production Guarantee #468428 posted May 16, 2017
- Jack County, Texas, United States
Operator has over 30 rework candidates on various leases in Central TX. 10 wells have been re-entered and completed making at least 6 BOEPD each, one is making 20 BOPD since November 2016. Guarantee of 3 BOEPD per well or operator will assign interest in other producing wells to balance. 50%WI...
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.