Edwards Well Development

Benchmark Petroleum Partners, LLC is seeking investors for a drilling and evaluation project targeting the Edwards formation. The project involves drilling one new well and developing three additional producers, with a total estimated cost of $1,925,000. The investor can expect a payout in 17.1 months, with a projected ROI of 4.41 to 1.00 and an IRR of 57.2%. The full development potential is estimated at 1.1 million barrels of oil from 20 vertical wells. The project also includes secondary potential in the Buda and Austin Chalk formations.