Potential 1 Million Barrel Oil Prospect in Michigan
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Financial Details
- Asking Price:
- $820,000
- Location:
- Michigan, MI, US
- Source:
- Date:
- May 08, 2025
Key Highlights
- Michigan oil and gas drilling program targeting a 1 million barrel reef.
- Opportunity for a third party to secure a quarter carry to the casing point decision.
- High-risk exploration with potential for significant returns, based on two previous show wells.
Description
Oil and gas drilling program in Michigan, targeting a potential 1 million barrel reef. Two show wells have been drilled previously. The operator seeks a third party for a quarter carry to the casing point decision. High-risk exploration with potential for significant returns.
Industry Information
- Industry Description:
- Oil & Gas
- Classification:
- Manufacturing
Listing Details
- Listing ID:
- f349b960-1f11-4cb2-a3ce-16a5be4d825e
- Deal Status:
- For Sale
- Date Posted:
- May 07, 2025
- Last Updated:
- May 26, 2025
- Currency:
- USD
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