MARTIN CO., TX MINERAL & ORRI
104.8125-NRA. 167.7-Gross Acres.
MIDLAND BASIN ASSETS
Spraberry & Wolfcamp Formations.
Includes 1-Vertical Producing Well,
9-Hz Permits & 1-Injection Well Permit.
Holds 25% Average Mineral Interest
Average Gross Production: 15.9 BOED
Average Net Production: 1.24 BOED
Average Net Income: $1,792/Month
CONTACT AGENT FOR MORE INFO
PP 6249DV
Onshore |
Land Base |
Unconventional |
Play Type |
SIMON ENERGY ASSOCIATES LLC - UNDISCLOSED SELLER
Deal Summary
Simon Energy Associates LLC has been retained by an Undisclosed seller to assist in the sale of certain Midland Basin mineral and ORRI assets ("Blocker Mineral & Overriding Royalty Interest") in Texas.
Highlights:
-- Located in Martin Co., TX;
-- Covers 104.8125 net royalty acres (167.7 gross acres);
-- Holds 25% average mineral interest;
-- Includes 1 producing vertical Spraberry well, 9 horizontal Spraberry and Wolfcamp permits along with 1 permitted injection well;
-- Potential horizontal objectives include Middle, Lower Spraberry, Jo Mill, Wolfcamp A, Wolfcamp B, and Wolfcamp C formations;
-- Average Production: Gross - 15.9 BOE/d (~94% oil , and ~6% gas) and Net - 1.24 BOE/d (~94% oil and ~6% gas);
-- Average net income: $1,792/month;
-- Operator: Pioneer Natural Resources USA Inc.
To learn more contact:
Audra Taylor
Phone: 405-819-9756
ATaylor@SimonEnergy.co