NON-OP MIDLAND BASIN ASSETS
13-PDP Wells (6-New Drill)
HOWARD COUNTY, TEXAS
Covers 1,150-Net Acres. (6,135-Gross)
Includes 75-Locations In Wolfcamp A
B, C And Lower Spraberry Formations
2-WCA, 2-WCB, 1-WCD &1-LS Wells
To Be Online In Apr-2023
Holds 25% Non-Operated WI (18% NRI)
Net Production (Apr-2023): 719 BOED
PDP Net Cash Flow (2023): $8,400,000
Existing Infrastructure SWDs & Takeaway
Capacity In Place To Support Development
BIDS ARE DUE FEBRUARY 8, 2023
PP 8436DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
REDOAKS ENERGY ADVISORS - GP Howard LLC
Deal Summary
GP Howard LLC has retained RedOaks Energy Advisors to assist in the sale of certain non-operated Midland Basin assets in Texas.
Highlights:
-- Located in Howard Co., TX;
-- Covers 1,150 net acres (6,135 gross acres);
-- Holds 25% WI (18% NRI) in 13 PDP wells;
-- Includes 75 remaining locations targeting Wollfcamp D, Wolfcamp A, Wolfcamp B, and Lower Spraberry;
-- 6 new well being drilled in Jimmy-Forever Unit (2 Wolfcamp A, 2 Wolfcamp B, 1 Wolfcamp D, and 1 Lower Spraberry) which are expected to be online in Apr-2023;
-- Net PDP Reserves: 520.3 MBOE (~65% oil, ~23% gas, and ~12% NGL, PV-10: $13.6 million);
-- Net total Reserves: 10.37 MMBOE (~5% PDP, ~71% oil, ~19% gas, and ~10% NGL, PV-10: $125.3 million);
-- Net production (forecasted Jan-2023): 719 BOE/d;
-- PDP net cash flow (2023): $8.4 million;
-- Existing infrastructure SWDs and takeaway capacity in place to support full-field development:
-- Operator: Bayswater.
To learn more contact:
Mr. David Carter
Phone: 214-536-8616
Email: david.carter@redoaksadvisors.com
