Gibson County Indiana 33 acre lease drill site
Oil lease for sale in Gibson County Indiana, 3.2 miles north east of Owensville Indiana. The lease is (33 acres) the surrounding oil wells came in at 156 bbl/24, they have all been plugged. They all lasted over 20 years, they were drilled in the 1950’s. Lease is: Operator 87.5% Landowner 12.5%. I’m looking for $25k for this lease or 1/32 or 3.125 % over ride from the oil well. I believe this oil well will come in over 150 bbls with no water. Pay zone is the Benoist 2250 TD. No other oil wells with in 2,000 feet of this drill site. Contact me for the details, Thanks
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