REF:
Braune Strawn Sand Development – Young County, Tex
Project Type:
Project Phase:
Short Summary:
Development of a 160-acre oil and gas lease in Young County, Texas, targeting multiple Strawn Sand reservoir intervals. Spectral sensing and soil-gas analysis have identified prospective locations across the acreage, supported by information from two
Commercial Summary
The project offers participation in the phased development of an onshore US oil project targeting Strawn Sand reservoirs beneath a 160-acre lease. The first phase comprises drilling and completing two permitted wells at an estimated cost of US$700,000. Subject to results, the development may be expanded to approximately ten wells for total funding of up to US$12 million. The project owner estimates recoverable reserves of approximately 3.4 million barrels across the proposed ten-well programme. This is a management estimate and should not be presented as an independently certified reserve figure.
Country
United States of America
Region:
North America
Size & Structure of the deal:
The project offers participation in the phased development of an onshore US oil project targeting Strawn Sand reservoirs beneath a 160-acre lease. The first phase comprises drilling and completing two permitted wells at an estimated cost of US$700,000. Subject to results, the development may be expanded to approximately ten wells for total funding of up to US$12 million. The project owner estimates recoverable reserves of approximately 3.4 million barrels across the proposed ten-well programme. This is a management estimate and should not be presented as an independently certified reserve figure.
Minimum possible investment
0.7
USD – Millions
Maximum possible investment
20
USD – Millions
Closing Date:
11 Aug 2026