TEXAS ROYALTY ASSETS FOR SALE
31-Horizontal Wells. (24-Active & 7-DUCs)
LOCATED IN WARD COUNTY
Five Stacked Unconventional Reservoirs
Across Wolfcamp & Bone Spring Fmns.
Holds Average 9.5% Royalty Interest
Net Production: 1.1 MBOED
NTM Cash Flow: $25,300,000
Net Proved Reserves: 2.453 MMBOE
Newly Installed Production Facilities.
BIDS ARE DUE FEBRUARY 9, 2023
RR 6224
| Onshore |
Land Base |
| Unconventional |
Play Type |
ENERGYNET INDIGO - POINT ENERGY PARTNERS OPERATING LLC
Deal Summary
Point Energy Partners Operating LLC (PEP) has retained EnergyNet Indigo to assist in the sale of certain royalty assets in Ward County, Texas. PEP prefers a single divestiture but will also consider separate offers for three asset groups: South PDP, North PDP, and North DUC.
Highlights:
-- Located in Ward County, Texas;
-- Holds average 9.5% RI in a total of 31 horizontal wells (24 active wells, 7 DUCs);
-- Targets five stacked unconventional reservoirs across the Wolfcamp and Bone Spring formations;
-- Net production: ~1.1 MBOE/d (81% liquids);
-- Total net proved reserves (effective 1-Feb-2023): 2.453 MMBOE (~61% oil, ~21% NGL, ~18% gas, PV-10: $75.7 million);
-- NTM cash flow: $25.3 million;
-- 7 DUCs scheduled for completion and TIL in H1-2023
-- Newly installed state-of-the-art production facilities reduce carbon footprint and maximize profitability with minimal downtime.
To learn more contact:
Mr. Zachary Muroff
Phone: 214-556-2065
Email: Zach.Muroff@energynet.com
