Oil Developement - 200 BOPD IP, DHC $820,000, Comp/Facility $275,000
📍 Michigan Basin - S Reef Trend
🏔️ Basin: Other
🏷️ Type: Wells (producing / shut-in / DUC)
Asking Price
$1,100,000
Description
Danmark Energy presents a new Niagaran Reef oil discovery (“Eaton 35”) within the proven Southern Michigan Reef Trend—one of North America’s most consistent carbonate reservoir systems.
• 20+ identified reef prospects
• New discovery: Eaton 35 (~110 acres)
• E35 Estimated ~1 MMBO recoverable (primary)
• Low-cost development (~$1MM per well)
• High-return profile (modeled IRR >200%)
This opportunity combines proven geology, existing well control, and modern directional drilling to unlock stranded oil in a mature but underdeveloped basin.
• 20+ identified reef prospects
• New discovery: Eaton 35 (~110 acres)
• E35 Estimated ~1 MMBO recoverable (primary)
• Low-cost development (~$1MM per well)
• High-return profile (modeled IRR >200%)
This opportunity combines proven geology, existing well control, and modern directional drilling to unlock stranded oil in a mature but underdeveloped basin.
Key Metrics & Technical Specifications
200
BOE/Day Production
$350,000
Monthly Cash Flow
200
Acres
85%
Working Interest
20%
Royalty Rate
Listing Details
| Asset Class | Wells (producing / shut-in / DUC) |
|---|---|
| Development Stage | Development |
| Depth | 4,500 ft |
| Listed By | Danmark Energy, LLC |