The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

The Oil & Gas Asset Clearinghouse LLC is partnering with Cameron Oil & Gas Inc. to market an operated working package that includes 82 wells in New Mexico’s Eddy and Lea counties.

Highlights:

Overview

  • 99% / 75% Ownership (Working Interest / Net Revenue Interest) in Eddy and Lea Counties, New Mexico
  • 5,623 gross acres
  • Producing out of the Grayburg, Tubb, 7 Rivers and various other formations
  • SWD well located in 2-23S-37E, Lea County

Current Production and Cash Flows

  • 64 gross (48 net) bbl/d average daily oil production
  • 275 gross (200 net) Mcf/d average daily gas production
  • $37,880 / month net cash flow before non-recurring expense (Average July 2020 - January 2021)
  • $2.5 million PV-10 evaluation

Land Summary

  • 5,623 Gross acres
  • 1,120 acres currently leased to another operator for ~$1.5 million lease bonus
  • Total of 1,080 acres have no depth limitations
Oil & Gas Asset Clearinghouse Map Marketed: Cameron Oil & Gas Operated Working Interest, Eddy and Lea Counties, New Mexico
Marketed: Cameron Oil & Gas Operated Working Interest, Eddy and Lea Counties, New Mexico (Source: Oil & Gas Asset Clearinghouse LLC)

Bids are due March 18. An electronic data room is available. The transaction is expected to have a March 1 effective date.

For information visit ogclearinghouse.com or contact Bo Wagner at bwagner@ogclearinghouse.com or 972-702-1760.

Onshore