Cameron Meadows Land Company
With existing production of 130 BOPD, this lease provides RELLC with a strong cash flow base. In addition, two shut-in wells will be worked on to increase production by an estimated 60 BOPD.
With a low yearly decline rate, the lease is estimated to have remaining recoverable reserves of 199,000 barrels from its existing production. With the success of the two shut-in wells, aditional oil reserves of 124,000 barrels can be obtained.
Cameron Parish School Board Lease
With existing production of 40 BOPD, this lease provides RELLC with additional cash flow to support the lease's exploration and development activities. In addition, one shut-in well will be worked on to increase production by an estimated 200 MCFD and 10 POPD.
The lease is estimated to have remaining recoverable reserves of 42,000 from the producing well and an additional 356 million cubic feet of natural gas.