Texas Oil Drilling Program with Production Potential
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Financial Details
- Location:
- TX, US
- Source:
- Date:
- May 25, 2025
Key Highlights
- Horizontal oil well drilling program in northeast Texas.
- 4,400-acre field with 36 million barrels OOIP.
- Potential production of 2000-5000 barrels of oil per day.
Description
Participation is available for a horizontal oil well drilling program in northeast Texas. The 4,400-acre field has 36 million barrels of Original Oil in Place (OOIP). The legacy oilfield, discovered in the 1950s, has produced approximately 12 million barrels to date. Up to 20 wells may be drilled, with production estimated as much as 2000-5000 barrels of oil per day. The field is currently producing and is ready to drill more wells.
Industry Information
- Industry Description:
- Oil & Gas
- Classification:
- Manufacturing
Listing Details
- Listing ID:
- 435c56fa-fea9-4c63-835a-efe63c63d1c5
- Deal Status:
- For Sale
- Date Posted:
- May 24, 2025
- Last Updated:
- May 26, 2025
- Currency:
- USD