The acreage includes around 900 producing wells and are producing about $71,000, according to Breitling.
Breitling Energy CEO Chris Faulkner said the purchasing of overrides in these wells gives the company long-life potential income with new well upside with no exposure to the drilling cost.
"By leveraging our industry relationships we continue to get good deal-flow and first looks at high-value assets like these," Faulkner added.
Breitling is engaged in developing lower-risk onshore oil and gas working interests in US basins such as Bakken or Three Forks Sanish formations located in North Dakota and the Mississippi Lime and Hunton or Woodford or Cleveland formations in Oklahoma and Kansas.
