Sell 5% ORRI $100,000

📍 Victoriia, Texas USA 🏷️ Type: Wells (producing / shut-in / DUC)
Asking Price $100,000

Description

Operator wanting to sell 5% ORRI on three existing oil wells that are shut-in currently due to one needing new tubing. Three wells were producing around $45,000 to $60,000 a month gross revenues in 2023 were sabotaged by fired drug addicted pumper by various methods in late 2023 and early 2024. We spent $450,000 fixing everything, new rods, tubing, working barrel pumps and downhole gas separators. Got into production in July 2024, another round of sabotgage at night and by August, 2024 we were out of business again and out of money. Have fixed everything but one well that has a collar leak on virtually new tubing. That well provides all of the natural gas to run the SWDW, other engines and makes 20 or more bbls oil a day. I cannot borrow any money due to credit defaults caused by lack of revenues for over 30 months. I need only $25,000 to get the tubing fixed but when you are being sued for even small $8,000 debts you cannot borrow a penny in the oil patch. I can be in operations within 10 days of getting any funds at all. If you buy the ORRI, I will try to keep you in the 25% annual returns and if I cannot do that, will buy the ORRI back from you in 24 months for the $100,000 plus 25% return to that point. Can offer farmouts to other operators or sell working interests to industry partners. I have no options available to borrow funds and need a way out of this trap with someone in the oil industry if you would. warmly, Raymond

Key Metrics & Technical Specifications

25 BOE/Day Production
$45,000 Monthly Cash Flow
100 Acres
100% Working Interest
25% Royalty Rate

Listing Details

Asset ClassWells (producing / shut-in / DUC)
Development StageProducing
Depth6,200 ft
Listed ByWildcatters