Lease Details

Perth 3302 2-1H

CountyStateLease #OperatorAcresGross BOPDGross MCFD
SumnerKS 145281 Mike Kelso Oil, Inc.648.64 Gross2.50
GWINRIGross Income (10mo)Operating Expenses (10mo) Taxes(2018) Net Income
0.9 0.720201 (80% Lease) $49,124.28$26,591.22 $1,888.30 $22,533.06
$4,912.42/mo$2,659.12/mo$2,253.31/mo

Wells

Well NameWell TypeLegal DescriptionAPICompletionZone
Perth 3302 2-1H Oil Sec 1-33S-2W 15191227180100 5/6/14 Mississippi
Well NameWell TypeLegal DescriptionAPICompletionZone
Perth 3302 2-1H SWD Sec 1-33S-2W 15191226990001 6/9/14Arbuckle

Seller Comments

One Producing oil well and one active SWD well. Active Lease. Large acreage lease HBP, drilling locations, SWD already drilled and completed. Selling 90% WI and operations. Last MIT: 4/5/17 PASSED. Next MIT: 4/5/21. Surface land rights are owned at the pad. No fees for outside water brought to SWD 3-D Data.

The well is flaring gas at a rate of 160 mcfd gross. Could flare more if more water is produced. Upside is someone could run a gas pipeline to a local market and sell that gas. We have 0 mcfd listed because we are selling no gas. But it is producing 160 mcfd and could produce maybe up to 400 mcfd. 

Also we are selling the surface land with the lease. The surface land at the pad is owned by the lease. The well is capable of producing 15 to 20 bopd gross and 1500 bwpd if the ESP is reinstalled and the pumping unit pulled off. 

NOTE: SWD well on vacuum, no pressure needed to dispose of fluid. Permitted for 5000 BWPD on a vacuum. Good standing with KCC.
20″ conductor @ 40′
8.625″ surface @ 277′
5.5″ production @ 4394′
3.5″ IPC tubing @ 4389′
Open hole Arbuckle disposal @ 4394′-4800′

One producing oil well and one active SWD well
Active Lease
Large acreage lease HBP, drilling locations, SWD already drilled and completed
Selling 90% WI and operations
Last MIT: 4-5-2017 Passed
Next MIT: 4-5-2021
Surface land rights are owned at the pad. No fees for outside water brought to SWD
3-D Data

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