Merl, Lloyd, Mary Helen, Shelby, Lehenbauer
Lot Number:3
Completed
Start Time:5/6/2020 5:00:00 PM
Bid Count:27
High Bidder:5****0
Starting Bid:$1.00
Bid Increment:$100.00
Current Bid:$1,000.00
Bidding complete

Working interests in all of Section 17-21N-9W in Major County, Oklahoma

The operator of all wells is D&J Oil which was the original driller and operator of the wells. D&J Oil was the original driller in the famous Ames, Oklahoma Meteor Crater oilfield, in which this is located. D&J are very prudent and conservative operators. 

Seller is an original investor.  Although oil is currently at a low, when it recovers there could be further possibilities and expansion here. Costs are low because there is a disposal for all the wells on the section. 

Specifications:

          Merl# 1-17
          Lloyd# 1-17 
          Mary Helen #1-17
          Shelby# 1-1
          Lehenbauer #1-17 - water disposal well

Major pumping unit replacement/repair was completed on Shelby #1-17 in November, 2019.

All wells are currently now in the Arbuckle except the Lehenbauer which is Cottage Grove as it is the disposal. 

Active wells Merl, Mary Helen, Shelby make a combined average of approximately 22-25 BOPD and a show of gas. The Lloyd is temporarily shut in but could be a future possibility. 

In time it is believed there are future possibilities in these wells.


County:Major
State:OK
Operator:D & J Oil Company, Inc.
Legal Description:Sec 17-21N-9W
GWI:0.01487
NRI:0.0111564
Monthly Net Income:$40.73
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