This prospect is 2,045 with 75% WI and 80% NRI acres in Kern, County California. This is a production deal with no drilling risk. There are currently 12 wells drilled on the lease. The lease is currently producing approx 3 loads of oil per month from 3 wells. The development plan is to rework all 12 wells and the upside potential is +-150 BOPD after minimal reworks in the Monterey Shale "Antelope Interval" with 10-12 new PUD Wells to be drilled with 800,000 BO concluded by geologic study revoverable. Future EUR of 200-250K BO on a secondary recovery basis in the Etchgoin interval. This lease has around a 2 MILLION barrel EUR potential. This asset is priced to sell quick.

Posted Apr 25, 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.