We have stable & existing production on this lease and plan on increasing the barrels produced through improvements.
Some of the wells are over 50 years old and need new cement casing. Others need a chemical treatment and some minor repairs.
The new wells will be going into a deeper formation ( 500-600' ). We currently produce at 300-400'.
This lease has been producing .25 -.75 barrels of oil per day. Once the improvements have been made, we expect this amount to significantly increase.
Easton Exploration has recently acquired the adjoining lease and we plan on re-working that lease in the near future.
If you have any interest in getting involved with an oil lease, please give us a call.
The minimum amount to invest is $1000.00 and you must be an accredited investor.
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