GREEN RIVER NON-OPERATED SALE
650-PDP Wells. 1,040-Net Acres
SUBLETTE COUNTY, WYOMING
5,760-Gross Acres
644-Vertical PDPs & 6-Hz PDPs
U. Cretaceous Lance & Mesaverde Fms
Avg 19.3% Non-Op WI; Avg 14.7% NRI
Net Production: 14 MMCFED
NTM PDP Cash Flow: $19,000,000
Net PDP Reserves: 60 BCFE
Upside: Active Horizontal Development
Vertical Infill Opportunities
PSA Negotiation
CONTACT AGENT FOR MORE INFO
PP 5614
| Onshore |
Land Base |
| Conventional |
Play Type |
TENOAKS ENERGY ADVISORS - EXARO ENERGY III LLC
Deal Summary
Update, 1-Feb-2022. The PSA for the package is being negotiated.
Exaro Energy III LLC (backed by Old Sageview Capital LP and Wells Fargo Energy Capital) has retained TenOaks Energy Advisors to assist in the sale of certain non-operated Jonah field tight gas assets in Texas.
Highlights:
-- Located just South of the Pinedale anticline in the Green River basin in Sublette Co., WY;
-- Covers 1,040 net acres (5,760 gross) across 16 sections;
-- Holds 19.3% average non-operated WI (average 14.7% NRI, WI range from 14.6% to 32.5%);
-- Production centered around the fluvial sandstones of the Upper Cretaceous Lance and Mesaverde formations;
-- Includes 650 low-decline PDP wells (644 vertical and 6 horizontal);
-- Net PDP Reserves (effective 1-Jan-2022): 60 Bcfe or 10 MMBOE (~94% gas and ~6% oil, PV-10: $72 million);
-- Net Production: 14 MMcfe/d or ~2.34 MBOE/d (94% gas);
-- NTM PDP cash flow (effective 1-Jan-2022): $19 million;
-- Upside potential through active horizontal development program & vertical infill opportunities;
-- All product can then be sold to multiple gas markets including Kern (West Coast), NWPL (Northwest), Overthrust/REX (Midcontinent);
-- Operator: Jonah Energy.
To learn more contact:
Mr. Lindsay Sherrer
Phone: 214-620-4421
Email: lindsay.sherrer@tenoaksadvisors.com
