Looking for Partners or Investors for Oil and Gas Woodruff Prospect

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Additional Info

Street1111 Belt Line Rd. Suite 200
CityGarland
State/ProvinceTX
CountryUnited States
Zip/Postal Code75040
Demo Page URLhttps://www.rareearthex.com/free-investor-kit
I Want ToSell
Telephone Number469-532-0231
Email Addresssean@rareearthex.com

Notes

A Multi-Well Helium Drilling Prospect

Prospect Location: Navajo County, AZ
Lease Hold: 3,200 acres with associated 75% NRI
Unit Cost: Call for pricing ORRI per unit: 1%
Offering: 6% ORRI covering 3,200 acres
Phase Cost: 1% ORRI - Call for pricing or 6% ORRI - Call for pricing

Become a partner in this project – Call 469-532-0231 or visit https://www.rareearthex.com/woodruff-prospect

Prospect Location Navajo County, Arizona Leasehold 3,200 acres with associated 75% net revenue interest (NRI).

PHASE I lease acquisition fur the Woodruff Prospect consists of 3,200 acres and up to 20 new well sites. The first well to be drilled is currently being permitted and scheduled to spud in December 2018.

phase II lease acquisition consists of an additional 3,200 acres. Over-riding Royalty Interest (ORRI) will be offered exclusively on a Right-of-First Refusal basis to all Phase I participants under the same terms. Wells will be drilled at a rate of 4 to 5 wells per year until all available locations have been drilled.

The primary production target is Helium. Secondary targets will include Oil, Natural Gas, Argon, CO2 and any other inert gases or rare earth elements that we may encounter.

Separation and storage facilities equipped to process all of these different gases are readily available.

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