Oil & Gas Field Extension Partnership Opportunity in Texas

This listing presents an opportunity for non-operating Working Interest (WI) partners to participate in the development of an extension to the historic 'Overall Field'. Located on the Eastern shelf of the Midland basin and Southeastern edge of the Permian basin in Texas, this project targets an extension of the field, which has historically produced significant volumes. The operator, Flintrock Resources Mngt. Inc., specializes in field extensions and proven fields, and is extending the 'Overall Field' and Gardner Sands to the Northwest on a 160-acre lease. The project anticipates 6 to 8 new wells, with potential cumulative production estimated between 800,000 to 900,000 BBLs. Individual well reserves are projected between 80,000 to 110,000 Bbls. Projected economics are strong, with an estimated payout period of 10 months and a potential ROI of 9:1. This is an onshore opportunity focused on new drilling and development.