FORT WORTH OPERATED ASSETS
2-Packages. 633-Wells. 5,160-Net Acres
PACKAGE - 1: MONTAGUE CO., TX
PACKAGE - 2: PALO PINTO CO., TX
5176-Gross Acres (Leased, HBP)
Primarily Targets The Cisco Sands Fms
Also Various Other Formations.
Few Mud Logs & Core Summaries.
Seller Will Retain 10% ORRI In Montague
Gross Production: 397.83 BOED
Net Production: 302 BOED
Cash Flow (2021): 250,000/Mn
Lease Service Equipment Included
OFFERS CAN BE SUBMITTED
BY PCKG OR ON A COMBINED BASIS
CONTACT SELLER FOR MORE INFO
PP 5239
| Onshore |
Land Base |
| Conventional |
Play Type |
PEBA OIL & GAS INC - MONTAGUE & PALO PINTO COS., TX
Deal Summary
Peba Oil & Gas Inc is looking to sell certain operated Fort Worth basin assets in Texas. These assets are being marketed as two separate packages (Montague and Palo Pinto) and offers can be submitted for individual packages or on a combined basis.
Highlights:
-- Located in North and East fields in Montague Co., and South field in Palo Pinto Co., TX;
-- Covers ~5,160 net acres (5,176 gross, HBP and leased);
-- Holds 99.7% operated WI (~77.9% NRI) in 633 wells;
-- Seller will retain 10% ORRI in Montague county assets;
-- Primarily targets the Cisco Sands formation while secondary targets include various other formations;
-- Includes few open hole logs, mud logs, core summaries, and historic engineering and geological reports;
-- Production: Gross - ~397.83 BOE/d and Net - ~302 BOE/d (~91% oil and ~9% gas);
-- Gross water Production: 49 Mbw/d;
-- Cash flow (2021, including P&A, capex, and other expenditures): $250,000/month;
-- Service equipment include pulling units, back hoes and a skid steer, trucks, surplus pumping units, prime movers, water injection, tubulars and sucker rod, a rod pump shop.
To learn more contact:
Mr. Paul West
Phone: 940-867-4873
Email: paul@pebaoilandgas.com
