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
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