WYOMING NON-OPERATED ASSETS
3-Wells. 160-Net HBP Leasehold Acres.
POWDER RIVER BASIN
CAMPBELL COUNTY, WYOMING
50% Non-Operated WI (39.5% NRI)
Avg 8/8ths Production: 170 MCFED
Avg Net Production (6-Mn): 66 MCFED
Avg Net Cash Flow (6-Mn): $3,326/Mn
Proj Net Income (10-Years): $5,700,000
Proceeds From Sale Will Enhance Cash
Flow From 2 Investments Including
A Frac On Two Of The Wells & Change
Of Gas Processors With New Contract
BIDS ARE DUE ON JUNE 30, 2022
PP 5376
| Onshore |
Land Base |
| Conventional |
Play Type |
ENERGYNET INC - RECLUSE METHANE LLC
Deal Summary
Recluse Methane LLC has retained EnergyNet Inc to assist in the sale of certain non-operated Powder River basin assets in Wyoming.
Highlights:
-- Located in Campbell Co., WY;
-- Covers 160 net HBP leasehold acres;
-- Holds 50% non-operated WI (39.5% NRI) in 3 producing wells;
-- Average 8/8ths Production (6 months): 170 Mcfe/d or ~28.33 BOE/d (~89% gas and ~11% oil);
-- Average net Production (6 months): 66 Mcfe/d or 11 BOE/d (~91% gas and ~9% oil);
-- Average net cash flow (6 month): $3,326/month;
-- Projected net income (10 years): ~$5.7 million;
-- Proceeds from sale will enhance cash flow from 2 investments including a frac on two of the wells and change of gas processors with new contract;
-- Operator: Newport Gas Partners.
To learn more contact:
Ms. Lindsay Ballard
Phone: 432-547-0424
Email: Lindsay.Ballard@energynet.com
