DELAWARE NON-OPERATED ASSETS
11-PDPs (8-Hz Wolfcamp) 432-Net Acres
WARD COUNTY, TEXAS
1,283-Gross Acres. 100% HBP
Upper & Lower Wolfcamp A, B, & C Fms
3-Existing DSUs, 34-Undev Locations
2-Newly Proposed Hz Wolfcamp Wells
19% NON-OPERATED WI (16% NRI)
With 15% Average Royalty Burden
Current Net Production: 348 BOED
Average Net Income (6-Mn): $440,000/Mn
Net PDP Reserves: 742 MBOE
PDP PV-10: $14,800,000
Net Total Reserves: 7.301 MMBOE
Total PV-10: $63,900,000
Bids Are Currently Under Review
BIDS ARE DUE MARCH 10, 2022
PP 6006DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
ENERGYNET INDIGO - FINLEY RESOURCES INC & GRASSLANDS ENERGY LP
Deal Summary
Update, 14-Mar-2022. The package has been moved to bids under review section.
Finley Resources Inc and Grasslands Energy LP have retained EnergyNet Indigo to assist in the sale of certain non-operated Delaware basin assets in Texas.
Highlights:
-- Located in Ward Co., TX;
-- Covers 432 net leasehold acres (1,283 gross, 100% HBP) including 3 leases limited to the Wolfcamp formation;
-- Holds average ~19% non-operated WI (~16% average NRI) with 15% average royalty burden;
-- Targets the Upper Wolfcamp A, Lower Wolfcamp A, Wolfcamp B, and Wolfcamp C formations;
-- Includes 3 existing DSUs (Hunter, Telluride, and Trinity), 11 PDP wells (8 horizontal Wolfcamp), 2 newly proposed horizontal Wolfcamp wells (elected to participate), and 34 undeveloped locations;
-- Net PDP Reserves: 742 MBOE (~69% oil, ~17% gas, and ~14% NGL, PV-10: $14.8 million);
-- Net total Reserves: 7.301 MMBOE (~10% PDP, ~67% oil, ~18% gas, and ~15% NGL, PV-10: $63.9 million);
-- Current net production: 348 BOE/d (~81% liquids);
-- Average net income (6 months): $440,000/month;
-- Average operating margin exceeds $35/BOE for most recent 12 months LOS;
-- Single well economics include gross D/C/F capex of $11.3 million, average IRR of 56%, and average EUR of 1.4 MMBOE.
To learn more contact:
Mr. Zachary Muroff
Phone: 972-372-0232
Email: Zachary.Muroff@energynet.com
