The well is Boy Scout 5. The well produced from 1993 to 2008 at VERY low volumes of oil. They only picked up about once a year or every few years. These shallow wells may be spaced closed together because the drainage area is so small. The TD was 4287. The operator may be interested in going back in to try for a different reservoir. The first one was the Allen/DesMoines. which was at ~1067’ They are probably not going to use a hole like this one for a horizontal well as the well casing is small and the well is older. The price they gave for drilling is for a shallow well or maybe directional. Most of us would like the larger royalty. Given how shallow this is, 3/16ths is probably the best you will get. The only other two leases in the section recently were at 3/16ths. Neese Investments-the current operator of the well.
Investing in the drilling is not for the novice. One would need deep pockets for well expenses for possibly decades, good accountant, good attorney, drilling insurance, etc. .