Reactivation of 100 wells and drilling of 6 high-production shallow wells.
Navarro County 6 High-Production Shallow Wells 1,200 Acres
Green boxes indicate leases acquired for drilling six high-production shallow wells.
These leases were never worked because the previous owners did not allow it.
Nearby wells were drilled in the 1920s with high oil production, up to 2,000 barrels per day per well.
We conducted seismic studies and confirmed the existence of oil traps (deposits) that were never drilled. There is potential to drill six wells initially.
The first well will recover the investment in six months.
It is estimated that by drilling six wells, the gross revenue over 10 years, after royalties, will exceed $90 million.
