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All Listings > Oil and Gas > Upstream Oil & Gas > Twenty Three (23) Operated Wells & 1,224 Leasehold Acres

Twenty Three (23) Operated Wells & 1,224 Leasehold Acres

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ID: 183006773
Quantity: 1 Lease
Condition:

USED

"As is where is", the buyer is responsible for logistics and transportation to the final destination.

# of Bids: 0 PLACE A BID
Product Location: Texas, United States
End Time: Bid As Soon As Possible
Time Remaining: Bid As Soon As Possible
Trader: Carolina Acosta   +1-832-239-5361ASK A QUESTION

Seller Description

This oil lease with multiple wells on it with some drilling potential in a mature oil field is no longer needed for the owner's operation and is being sold to recover funds.

Description:

  • Twenty Three (23) Operated Wells & 1,224 Leasehold Acres in Texas
  • The Oil Field Has Produced Over 7.6 MMBO and 77  MMCF from the Shallow (~4,600’) Goodland, Paluxy & Walnut Sands.
  • Operated Working Interest in Four (4) Producing Oil Wells Producing Oil, Two (2) Water Disposal Wells, and Seventeen (17) Shut-In Oil Wells.
  • Up To Ten (10) Low-risk, Shallow Oil Infill PUD Locations Identified, Infill EUR’s up to 50+ MBO/Well.
  • Re-completion and Return-to-Production Upside Opportunities.
  • Up To Four (4) Field Extension Well Locations on Separate Prospective Fault Block and on West Margin of Field. Per Well EUR’s up to 150 MBO Possibly Even up to 200+ MBO.
  • Stable, Very Low, Annual Production Decline (1% - 6%).
  • Low Drilling & Completion Costs ~550k/Well.
  • All 1,224 Acres Held by Production.
  • Stimulation Not Required.
  • Existing Surface Facilities, Infrastructure, and Lease Roads
  • Multiple Pay Zones and Ready-to-Drill

 

Equipment Inventory

"A" Lease

(1) 210 bbl steel tank

(1) 500 bbl steel tank

(1) 6' x 15' water knock out

(3) 160-D 64" Pumping Units  

"B" Lease

(1) 400 bbl steel tank

(1) 8' x 28' steel heater/treater

(1) 8' x 33' steel water knock out

(1) Horizontal Separator

(3) 160-D 64" Pumping Unit  

"D" Lease

(3) 300 bbl steel tanks

(1) 210 bbl steel tank

(1) 400 bbl 12' x 20' fiberglass gun barrel

(3) 160-D 64" Pumping  

*D-14 SWD pump info: Goulds 100hp Model 9126 Pump

"E" Lease

(3) 300 bbl steel tanks

(1) 6' x 15' steel water knock out

(1) D-228 86" Pumping Unit  

(1) 160-D 54" Pumping Unit  

(2) 160-D 64" Pumping Units

*E-7 SWD pump info: Goulds 25 HP, TECF, 3-phase, 3600 RPM, 762 colts, 284T

frame-motor

Shaft size: 1- 7/8"

TJD Lease

(3) 300 bbl steel tanks

(1) 6' x 15' water knock out

(2)160-D 64" Pumping Unit  

 

Seller Terms

  • Salvex and the seller have the right to reject any and all offers.
  • This product is sold AS IS, WHERE IS.
  • Buyer is responsible for all taxes, duties, loading and freight charges.
  • Seller does not offer any warranties or manufacturer warranties.
  • Upon receipt of cleared funds, Seller will provide the Buyer a Release Order for item pick up. Title transfers from Seller to Buyer upon issuance of the Release Order.
  • It is Buyer's responsibility to verify quantities and condition at the time of pick up. Once the product has been removed from Seller's location, there will be no adjustments based on quantity or condition.
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