Equity Partner required for Natural Gas Well Drilling
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A Small Texas Independent Company that specializes in finding Oil and Gas supplies is searching for investors to help finance the drilling of up to 6 Natural Gas Wells in Texas.
Our client is looking for an investor who understands the Oil & Gas Industry and the opportunity that is being presented.
An investment of 1.3-1,500,000 US per well is required. Investors have the option of investing in 1—6 wells. Initial wells will be drilled at 10,400 ft.
The Company has had discussions with several Mineral Rights Brokers who have accessed the value of their 643 acre mineral rights somewhere between 16,000,000.00 - 27,000,000.00.
The total recoverable proven reserves under the 643 acres is up to 200,000,000.00. over the 6 wells. The Company will offer 75% Net Royalty to investors so that they may recoup their original investment quickly and then a 50% equity in all further net profits for the duration of the wells.
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|Posted||October 26, 2018|
|Expiry||November 25, 2018|
|Details||New, Commercial Seller|