Oil & Gas Drilling Company for Sale in Crowell, USA

- Opportunity to acquire a legacy oil field development project in the historic Exxon Caddo Limestone Reef Play, located in Foard County, southwest of Vernon, Texas.
- The asset includes producing oil wells, injection wells, tank batteries, and significant remaining reserves with substantial redevelopment potential.
- Current operations include 7 active producing wells generating over 35 BOPD, 8 active injection wells with more than 15,000 BWPD injection capacity, and additional wells being brought back online to increase production.
- Revenue is generated through crude oil production and sales, with oil marketed through established offtake arrangements.
- The field has an estimated Original Oil in Place (OOIP) of 36 million barrels, with approximately 24 million BOE remaining in place and an estimated 5 million recoverable barrels through secondary recovery and infill drilling.
- Includes approximately 20 identified horizontal drilling locations that have not yet been developed, providing significant production growth potential.
- Additional upside exists through the reactivation of 27 shut-in wells, optimization of water injection systems, and implementation of secondary recovery programs.
- Operations are supported by existing infrastructure including tank batteries with electronic monitoring systems, water injection facilities, and an experienced field crew.
- The asset offers a compelling opportunity for experienced oil and gas operators seeking production growth through redevelopment and enhanced recovery techniques.
- The buyer will be required to register as an oil operator with the State of Texas and obtain the necessary insurance bond and regulatory approvals before operating the asset.