Oil & Gas Drilling Prospect in Palo Duro North Permian Basin, Lubbock, TX

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Financial Details

Profit Metric:
Asking Price
Location:
Lubbock, TX, US
Source:
Date:
September 17, 2025

Key Highlights

Significant oil and gas prospect with 1 billion barrels in place reserves.
Prime location in the Palo Duro North Permian Basin near Lubbock, Texas.
55,000 acres available for drilling, offering substantial development potential.

Description

This listing presents a substantial oil and gas drilling prospect located in the Palo Duro North Permian Basin, near Lubbock, Texas. The property encompasses 55,000 acres and is available for drilling operations. A reserve report indicates approximately 1 billion barrels of oil in place, highlighting the significant potential of this opportunity. This is an ideal prospect for exploration and development companies seeking acreage in a prolific basin.

Industry Information

Industry Description:
Oil & Gas Property
Classification:
Agriculture

Real Estate & Lease

Status:
For_sale

Listing Details

Listing ID:
4e6a7fba-a909-46b2-a474-164d0be88156
Deal Status:
For Sale
Date Posted:
September 23, 2023
Last Updated:
September 17, 2025
Currency:
USD