Description

Oil and Gas Lease in Throckmorton Co Texas with 550 acres of drilling, JW Tharp Lease RRC# 06023 and #11468, there are 2 wells in the Caddo Formation producing 5 barrels of oil a day, 20 MCF of gas per day, around 40 barrels of water a day, which goes to the adjoining lease for $0.50 per barrel, LOE around $1500.00 per month, 100% WI, 75% NRI, lease has good equipment and prime acreage for drilling, the pay zones are Strawn, upper and lower Caddo, and Mississippi formation. Also have a current Title Opinion in hand. Priced To Move asking $210,000.00

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