SMALL SHALLOW OIL UNIT FOR SALE
Producing Properties
All Standard Disclaimers Apply & Seller Rights Retained
SMITH CO, TX SALE PKG
4-Producers. 2-Inj. 9-Inactive. 849-Acres
LANE CHAPEL UNIT
PALUXY A SAND FORMATION
Low Decline. Low Risk
Average 8.0% Oil Cut in Last 3 Years
63% OPERATED WI; ~45% NRI
Gross Production: 37 BOPD
Net Volumes: 17 BOPD
Net Cash Flow: ~$33,500/Mn
Est. Cash Flow @ $60/BO: ~$23,500/Mn
NEGOTIATED SALE - MOTIVATED SELLER
SOLD BY ENERGY ADVISORS - JULY 2025
PP 2079DV
SUMMARY
Petex, a Fort Worth independent, is selling their Lane Chapel (Paluxy A) Unit in Smith County, Texas. The operation is a high-fluid lift property and includes 4-active producers, 2-injectors and 9-inactive wells across 849 gross acres. 2 of the wells include ESP pumps.
History:
The Lane Chapel (Paluxy A) Unit currently consists of 5 active producing wellbores making 50+ BOPD
from the Paluxy “distributary channel” found at approximately 6,500’ TVD. Associated leases
combined for more than 1.0 Mmbbls prior to unitization and waterflooding efforts that began in 1996,
and today, cumulative unit production exceeds 1.785 Mmbbls. Pressure maintenance operations are
ongoing as produced water continues to be reinjected into the reservoir.
In 2019, conventional rod pumping equipment at the #601 was replaced by an electrical submersible
pump (ESP), resulting in a ~50 bopd uplift in unit production. In 2021, a similar operation was
attempted at the #201, resulting in ~40 bopd uplift. Comparable upside remains at the #107 where
available production is limited by producing capacity, as well as the #801.
Property Highlights:
- East Texas Small Operated Waterflood Sale Package (Smith Co., TX).
- 5-Producers, 2-Injectors. 9-Inactive. 849-Gross Acres
- LANE CHAPEL UNIT
- PALUXY A SAND FORMATION
- 63% OPERATED WI; ~45% NRI
- Gross Production: 37 BOPD (Net Volumes: 17 BOPD)
- Water Production Handled Through 2-Injectors.
- Net Cash Flow: ~$33,500/Month
- Est. Cash Flow @ $60/BO Is Still Estimated: ~$23,500/Month
- Facilities and Infrastructure
Historical Production Profile:
Locator Map:
Area Activity Map:
Please direct all inquiries to the primary EAG contacts listed below:
Wes Adams
Vice President
---Email: wadams@energyadvisors.com
---Phone: 432-553-2413
Christian Jones
Director - A&D
---Email: cjones@energyadvisors.com
---Phone: 713-857-1213
Houston Office
4265 San Felipe, Suite 650
Houston, TX, 77027
SMITH CO, TX SALE PKG
4-Producers. 2-Inj. 9-Inactive. 849-Acres
LANE CHAPEL UNIT
PALUXY A SAND FORMATION
Low Decline. Low Risk
Average 8.0% Oil Cut in Last 3 Years
63% OPERATED WI; ~45% NRI
Gross Production: 37 BOPD
Net Volumes: 17 BOPD
Net Cash Flow: ~$33,500/Mn
Est. Cash Flow @ $60/BO: ~$23,500/Mn
NEGOTIATED SALE - MOTIVATED SELLER
SOLD BY ENERGY ADVISORS - JULY 2025
PP 2079DV
SUMMARY
Petex, a Fort Worth independent, is selling their Lane Chapel (Paluxy A) Unit in Smith County, Texas. The operation is a high-fluid lift property and includes 4-active producers, 2-injectors and 9-inactive wells across 849 gross acres. 2 of the wells include ESP pumps.
History:
The Lane Chapel (Paluxy A) Unit currently consists of 5 active producing wellbores making 50+ BOPD
from the Paluxy “distributary channel” found at approximately 6,500’ TVD. Associated leases
combined for more than 1.0 Mmbbls prior to unitization and waterflooding efforts that began in 1996,
and today, cumulative unit production exceeds 1.785 Mmbbls. Pressure maintenance operations are
ongoing as produced water continues to be reinjected into the reservoir.
In 2019, conventional rod pumping equipment at the #601 was replaced by an electrical submersible
pump (ESP), resulting in a ~50 bopd uplift in unit production. In 2021, a similar operation was
attempted at the #201, resulting in ~40 bopd uplift. Comparable upside remains at the #107 where
available production is limited by producing capacity, as well as the #801.
Property Highlights:
- East Texas Small Operated Waterflood Sale Package (Smith Co., TX).
- 5-Producers, 2-Injectors. 9-Inactive. 849-Gross Acres
- LANE CHAPEL UNIT
- PALUXY A SAND FORMATION
- 63% OPERATED WI; ~45% NRI
- Gross Production: 37 BOPD (Net Volumes: 17 BOPD)
- Water Production Handled Through 2-Injectors.
- Net Cash Flow: ~$33,500/Month
- Est. Cash Flow @ $60/BO Is Still Estimated: ~$23,500/Month
- Facilities and Infrastructure
Historical Production Profile:
Locator Map:
Area Activity Map:
Please direct all inquiries to the primary EAG contacts listed below:
Wes Adams
Vice President
---Email: wadams@energyadvisors.com
---Phone: 432-553-2413
Christian Jones
Director - A&D
---Email: cjones@energyadvisors.com
---Phone: 713-857-1213
Houston Office
4265 San Felipe, Suite 650
Houston, TX, 77027
