LOGAN WATERFLOOD #1
This offering is for one producing oil well (#9) located on Logan C.O. in Young County, Texas. For this project, the operator intends to deploy the waterflooding strategy by converting a nearby non-producing well (#7) into an injection well that will directly impact the oil production levels for Well #9. Once the injection well has been completed and waterflooding has begun, it should take approximately 6-8 months for oil production to increase to the target level of 16 barrels per day (BOPD). The operator is basing these production figures off of similar work that he has personally participated in on the fields adjacent to Logan C.O. In those projects, output ranged from 16-30 BOPD; however the projections for this project have been based on the lower production number.