40-Well Conventional Oil Drilling Project Expansion Opportunity in Allegany, NY

This listing presents an exceptional opportunity to acquire and expand a conventional oil project located in Allegany County, New York. The existing operation includes 10 wells currently producing 150 Barrels of Oil Per Day (BOPD), demonstrating an impressive return on investment with initial drilling costs averaging under $200,000 per well. The offering centers around the adjacent lease, which is contiguous with the current property, allowing for the immediate drilling of an additional 40 wells based on favorable geological logs. This is an asset sale focused on resource extraction and development, offering substantial upside potential for an experienced energy investor.