Stella Field Oil & Gas Property with Producing Wells

This listing presents an opportunity to acquire a 503-acre portion of the Stella Field, a producing oil and gas property located in Plaquemines Parish, Louisiana. The asset includes two wells, KF Stewart #1 and #2, with estimated reserves between 1-3 billion cubic feet of gas. Recent production figures indicate between 500,000-800,000 cubic feet of gas per day and 5-10 barrels of oil per day from KF Stewart #2. The listing details operational challenges, including high water production that led to the shut-in of KF Stewart #2, and the conversion of KF Stewart #1 to a saltwater disposal (SWD) well. The owner is retiring and is offering the operations along with $150,000 in Accounts Receivable. There is potential to bring gas back to production by installing pumping units, which is estimated to be a minimal cost. The property features a 75% Net Revenue Interest lease, and the seller retains a small Overriding Royalty. A bond of $50,000 is in place.