 Lucrative Oil & Gas Production Field for Sale (Offer to Buy)
Trade Lead Description:
Northwest Oil & Mining Inc. requests a joint venture partner to procure twenty seven PDP, Product development production wells. Gross acres 5,550/Net acres 1,930. 50%-100% operated WI. Gross production 573 BOPD. 1,284 MCFD. Net production 320 BOPD &741 MCFD. Net cash flow $1,000,000.00 per month. There's a tremendous upside potential. Most acreage is HBP, held by production. Two wells are 100% HBP, held by production. Seven zones includes 4 leases covering 2,550 gross acres and 1,930 net acres. Only 1 of those 7 zones is currently in production. Thus, there are 6 zones that haven't been developed. There are enough proven, verifiable and recoverable reserves, to warrant drilling forty additional wells. Therein lies, the reason why, the well life for the property is 50 to 60 years. The CEO of Northwest Oil & Mining Inc., and his team has 65 years of combined experience in the oil and gas industry. In a final analysis, we welcome a joint venture partner to help facilitate this project.
| Type of Offer: |
Offer to Buy |
| Quantity: |
5,550 gross acres |
| Packaging: |
1,930 net acres, Oil Rich |
| Price / Incoterms Conditions: |
$75,000,000.00: Held in Escrow |
Posted from US - Nevada on 17 November, 2015
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