Eagle Ford Formation Production and Drilling (Houston, TX)

2,200-acre project with room for at least two new drills. Regional successes cite 1,000–1,500 BPD initial rates. Prior to shut-in, wells averaged 85 BPD; with investment, potential 100–120 BPD. Purchase price for wells/acreage/equipment: $1.4MM. Two drilling opportunities: $5.5MM per well; 3,000 ft vertical; 9,000 ft lateral. Existing equipment value $618k; drilling acreage value exceeds $2.8MM. Price: On Request.