4 producing oil wells for Sale

Posted by D.E.D. Inc. on Tuesday, July 5, 2011 in Items for Sale

Location
South Central Texas
View on Google Maps (new window)

Posted by
D.E.D. Inc.

Full Details

This 4-well play involves the rehabilitation of the existing tanks, flow lines, upgrade electricity clean out the wells, run a cased hole log, drill lateral legs into the formation and putting a pumping unit on the wells.

The payback is estimated at 4 months. Our operating company has a verifiable record of success with the Texas Railroad commission.

ROI Our economic projections are based on $90.00 per barrel for oil, 7.1% of revenue for taxes and $500 per well for operating cost. Based on production levels of 20 BOPD per well Domestic Energy Development would estimate an annual income of $668,220.00 to the 50% partner. After considering estimated tax investment benefits our investor would experience a return on investment in 3 months or less.

For more information contact us at: doenergy1@aol.com



Join 80,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile