MEDFORD LEASE - 2 PRODUCING OIL WELLS - FUNDING OPEN!
📍 South Haskell County Texas
🏔️ Basin: Other
🏷️ Type: Wells (producing / shut-in / DUC)
Asking Price
$2,855
Description
THE MEDFORD LEASE
Haskell County, TX
Two (2) wells were drilled on the Medford Lease in South Haskell County, Texas, about 60 miles north of Abilene.
Medford #1 API No. 42-207-32846
Stasny-Medford #1 API No. 42-207-32801
These two (2) wells produce out of the Cisco Lime formation, which has excellent reserves in the area. These two wells have been producing since 2014.
The Medford #1 well had an initial production (IP) of 14 bbls of oil per day and has produced 11,109 bbls of oil so far. The well is currently making one (1) bbl of oil per day and one (1) bbl of salt water per day.
The Stasny-Medford #1 well had an IP of nine (9) bbls of oil per day and has produced 20,326 bbls of oil so far. The well is currently making six (6) bbls of oil per day and six (6) bbls of salt water per day.
G&F Oil, Inc. is the operator (RRC operator # 292000) of the two (2) wells. G&F Oil, Inc. has been in business for 44 years and currently operates over 230 wells in Texas.
For more information about the project, financial calculations, etc. Please contact us so that we can initiate a dialogue and arrange a Zoom meeting if desired.
Thank you, Mads Andersen
EnerGyne Resources
Haskell County, TX
Two (2) wells were drilled on the Medford Lease in South Haskell County, Texas, about 60 miles north of Abilene.
Medford #1 API No. 42-207-32846
Stasny-Medford #1 API No. 42-207-32801
These two (2) wells produce out of the Cisco Lime formation, which has excellent reserves in the area. These two wells have been producing since 2014.
The Medford #1 well had an initial production (IP) of 14 bbls of oil per day and has produced 11,109 bbls of oil so far. The well is currently making one (1) bbl of oil per day and one (1) bbl of salt water per day.
The Stasny-Medford #1 well had an IP of nine (9) bbls of oil per day and has produced 20,326 bbls of oil so far. The well is currently making six (6) bbls of oil per day and six (6) bbls of salt water per day.
G&F Oil, Inc. is the operator (RRC operator # 292000) of the two (2) wells. G&F Oil, Inc. has been in business for 44 years and currently operates over 230 wells in Texas.
For more information about the project, financial calculations, etc. Please contact us so that we can initiate a dialogue and arrange a Zoom meeting if desired.
Thank you, Mads Andersen
EnerGyne Resources
Key Metrics & Technical Specifications
7
BOE/Day Production
25%
Working Interest
Listing Details
| Asset Class | Wells (producing / shut-in / DUC) |
|---|---|
| Development Stage | Producing |
| Depth | 2,500 ft |
| Listed By | ENERGYNE RESOURCES |