oil & gas assets

producing propertyWEST TEXAS OPERATED PKG

Producing Property For Sale Through PLS Marketing & Transaction Arm
All Standard Disclaimers Apply & Seller Rights Retained


WEST TEXAS OPERATED PKG
ANDREWS CO., TX PROPERTY
8-Total Wells. 6-Active. 1-Shut-In. 1-SWD.
HORIZONTAL SAN ANDRES PLAY
~3,510 Gross / ~1,320 Net Acres.
Vertical Wichita-Albany/Clear Fork PDP.
Recently Completed San Andres HZ
~100% OPERATED WI; 75% NRI
Gross Production: ~160 BOED
Net Production: ~60 BOED
Net Cash Flow: $47,621/Month
Notable Offset Operators.
SEEKING OFFERS LATE JUNE
PP 5900DV
Sale Points
Updates::
02/02/18: 01 PrivateSeller Teaser and 02 PrivateSeller Quicklook have been updated in the 01. Summary & Introductory Materials subfolder in the Public section of the VDR.
02/02/18: PrivateSeller Presentation has been updated in the 02. Summary & Introductory Materials subfolder in the Private section of the VDR.

Summary:
PLS Energy Advisors Group has been retained by a Private Seller in the divestment of their Northwest Andrews County, TX property. The project includes ~3,150-Gross Acres (~1,320-Net Acres) that is 43% HBP with interests that ranges from 0.18% - 100% working interest & 0.13% - 75% net revenue interest. The seller has interests in 6 producing wells with net production of 37 BOPD, 66 MCFD & 9 BBLD NGL (57-BOED), 1-shut-in well (permitted as an SWD) and 1-SWD.

Operations:
The seller has a joint saltwater disposal agreement in place with Barrow Ranch Ltd. Currently, all water produced from the wells on the property are injected via a flow line into the Tullamore 25-3 saltwater disposal well. Injection interval for this well is 4,200’ – 6,000‘ in the San Andres. The Galway 5 #1 well is currently shut-in but has been permitted for disposal injection. Once the Galway 5 #1 well has been converted to SWD, it will allow injection volumes up to 6,000 BWPD at 2,000 psi.

Recent Developments:
Elk Meadows Resources recently completed the science well, Barrow 15C-4H, a horizontal San Andres with a ~1-mile lateral that passed through the seller’s acreage. The well reached 169 BOPD (100% Oil) peak production and is steadily producing 100 BOPD. The seller has a 0.18% working interest & 0.13% net revenue interest in the well. More importantly, the well delineates the San Andres as a potential target on the seller’s position.

Upside:
The position offers an operator substantial acreage to drill vertical Wichita Albany/Lower Clear Fork with ~83 potential locations or the horizontal San Andres with ~17 potential locations.

Private Data:
To access the confidential section of the VDR, please email a signed copy of the Confidentiality Agreement to Ross Benoche at rbenoche@plsenergyadvisors.com

CONTACT AGENT:
PLS Energy Advisors Group
Mr. Ross Benoche
Director - Sell-Side Services
10850 Richmond Ave Ste 300
Houston, TX 77042
Phone: 713-650-1212
Email: rbenoche@plsenergyadvisors.com
Questions Regarding This Asset? Email Ross Benoche or call PLS at 713-600-0154

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Questions Regarding This Asset?
Email: Ross Benoche
Call: 713-600-0154



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All Standard Disclaimers Apply & Seller Rights Retained
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