Profitable oil lease in Texas for sale

La Vernia Field – Navarro Sands Pattern 

Shallow creation ~ 1,500 feet 

26-Wells +/ – 303-Sections of land 

Rights To All Profundities including Falcon Portage and Austin Chalk 

100% worked working revenue available to be purchased at 75% NRI 

Current Creation: ~5 BOPD 

Potential gain: 

– Pinnacle of movement on the rent was in the mid 1980’s blast when a progression of 22 wells were bored 

– Current administrator has bored and finished four new wells in mid 2017 

– Capacity to clear out and prepare existing wellbores for brisk bounce underway and 70%+ return for capital invested 

– Well example set up to lead pilot waterflood 

Would likewise consider proceeding to work with the right financial backer to subsidize re-prepare of existing wells. 

Deals data bundle accessible 

Contact Merchant For More Information 

Not a proposal to purchase or sell protections.