Looking for non-operator partners to grow this Wyoming asset to 3000 BOPD. This one currently is making 600 BOPD and 10 million USD net cash flow per year. Hoping to boost production to 3000 BOPD this year and make 50 Million USD free cash flow.
Total 600 wells. Production was 250 BOPD and now production is 600 BOPD(100% oil). Very shallow conventional light oil (API 36-42). Total 6 formations. 10000 acres with huge reserve. The main production zone recovery rate is still less than 6%. Production is increasing now and can be increased to 3000 BOPD in one year. 100% WI with existing infrastructure and experienced local team, including two workover rigs and other production facilities, 20 buildings and mechanical shop, etc. Oil is sold at the price of WTI minus 1.2 USD and everything is piped to the sales terminal. Extensive geological and production data available, including seismic data for review.