Acquired: January 07, 2008
Square Footage: 73,000
Property Type: Industrial
Acquired: January 07, 2008
Square Footage: 73,000
Property Type: Industrial
2802 E. 13th Street, LaPorte, TX
Average Monthly Cash Flow: $5,000
Estimated Annual Revenue: $60,000
Expected Annualized Return: 11%-12%
Amount Available: $400,000
Operators: Marathon, Devon
# of Producing Wells: 17
% Oil / % Gas: 75% Oil / 25% Gas
Property Notes: Major operators in the heart of the Eagle Ford Shale region. Good mix of both oil and NGL’s (natural gas liquids).
Average Monthly Cash Flow: $3,200
Estimated Annual Revenue: $38,400
Expected Annualized Return: 11%-12%
Amount Available: $288,000
Operators: Enterprise Energy
# of Producing Wells: 10
% Oil / % Gas: 90% Oil / 10% Gas
Property Notes: Permian Basin property with longālife reserves and consistent production. Spacing for additional upside.