Osage County, OK $9.5m Estimated 500-1000 BOPD.
2240 acres +/- BIA.
Current production at 65 BOPD out of 10 producing wells.
All are vertical wells.
There are 22 well bores that need re-worked. Wells are down for 1 of the following reasons. Pumping unit, no power, bad flow lines, etc.
1- Disposal well rated to handle 10k bbls day @ 500psi. Reserves est at 7 million + bbls oil, 10 billion MCF gas.
81% NR, 100% working interest, and All O&G Minerals to basement. There is core data on every well.
Current producing from (Red Fork, and Mississippian lime stone) Asking $4.5 million for 100%
Current operator is willing to stay on.
Upside is excellent. Quick fix would be in the range of $1-1.5 million to hit 200 bbls day.
Long term fix would cost estimate: $5 million for re-work and drilling program to achieve 500-1000 bbls day production.
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