TEXAS OPERATED ASSETS
51-Wells. 2,353-Gross Acres
GAINES & YOAKUM COUNTIES
Inc AREA-1 & AREA-2 (Waterflood)
34-Active Oil. 13-Active Inj & 2-SWD
San Andres & Wichita Albany Formations
84% OPERATED WI (66% NRI)
Avg Production (Sep-2020 - Feb-2021):
Gross - 141 BOPD & Net - 81 BOPD
Operating Income (Jan-2021): $98,800
NTM Cash Flow: $1,200,000
Net PDP Reserves: 266 MBO
BIDS CAN BE SUBMITTED SEPARATELY
FOR EACH AREA OR AS A WHOLE
BIDS ARE DUE MAY 27, 2021
PP 5126
| Onshore |
Land Base |
| Conventional |
Play Type |
THE OIL & GAS ASSET CLEARINGHOUSE - DELTA CO2 LLC
Deal Summary
Delta CO2 LLC (an affiliate of Delta Oil & Gas Inc) has retained The Oil & Gas Asset Clearinghouse to assist in the sale of certain operated CBP assets in Texas. The assets are being marketed as two areas (Area 1 and Area 2) which can be bid on separately or as a whole.
Highlights:
-- Located in Gaines Co., and Yoakum Co., TX;
-- Includes Area 1 located primarily in Yoakum Co., TX and also in Gaines Co., TX, and Area 2 (active waterflood) located in Gaines Co., TX;
-- Covers 2,353 gross acres;
-- Holds average 84% operated WI (66% NRI);
-- Producing from the San Andres and Wichita Albany formations;
-- Includes 51 wells (34 active oil, 13 active injection, 2 active SWD);
-- Net PDP Reserves: 266 Mbbl (PV-15: ~$4.4 million);
-- Average Production (Sep-2020 to Feb-2021): Gross - 141 Bbl/d and Net - 81 Bbl/d (9% average annual decline with no short-term P&A obligations);
-- Operating income (Jan-2021): $98,800;
-- NTM cash flow (effective Feb-2021): ~$1.2 million.
To learn more contact:
Mr. Bo Wanger
Phone: 972-302-4930
Email: BWanger@ogclearinghouse.com
