![]() Instead of waiting around they switched gears and had Schlumberger Oil ( The go too company for well evaluations ), after Schlumberger did a well tests on the wells that had stopped producing after many years with it's newest state of the art/ patented technology, they determined their is still a very large amount of natural gas in other zones along with many oil zones. They spent over $5 mil getting this property ready to drill 100+ more wells and had a $60 mil commitment from a large fund, weeks befor ethe drilling started COVID hit and everything in the industry came to a halt. The company which owns all the wells was started in 1994 by some executives from Exxon, Anadarko, Shell Oil and they have had incredible success ever since. Two of the wells were drilled in the 1930's and are STILL PRODUCING NATURAL GAS today. This well, along with 54 others, produced large amounts of natural gas for over 10 years. Great opportunity to own a piece of a very successful / profitable ABSENTEE RUN NATURAL GAS well that was drilled in 2006 on a 13,000 acre lease property ,which is located on a 200,000 ACRE ranch in Texas.
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