West Texas Resources Announces Acquisition of Nine Producing Texas Oil and Gas Wells Expected to Generate Approximately $775,000 in Monthly Gross Revenue
West Texas Resources acquired nine producing wells in Texas, expected to generate approximately $775,000 in monthly gross revenue. The properties include eight wells in Jackson County and one gas well in Fort Bend County, with total production estimated at 300 barrels of oil per day and 1.8 million cubic feet of gas per day.
Key figures
- Deal Value Usd
- 1500000
- Production bopd
- 300
- Acquisition capex
- 1500000
- Monthly gas revenue
- 145000
- Monthly oil revenue
- 630000
- Estimated payback months
- 2
- Estimated monthly gross revenue
- 775000
AI analysis
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