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Chevron U.S.A. Inc. (Chevron) is offering a Wolfcamp Shale opportunity in Reeves County, Texas. Lot# 106586 includes wellbore only in 2 Hz wells, 3 offset rigs, and 181 offset permits. More information about the offering can be found below. Chevron has retained EnergyNet as its exclusive advisor relating to the transaction.
- Wellbore Only in 2 Hz Wells:
- 37.9184% to 37.6240% WI / 32.1986% to 31.9508% NRI
- Projected Formations: Middle Wolfcamp A | Upper 3rd Bone Spring Organic
- Participation Cost: $8,916,705.17
- Election to Participate is due 08/05/2023
- Operator: Diamondback E&P LLC
- 3 Offset Rigs
- 181 Offset Permits
- Amended: 1 Active
- Field Transfer: 20 Active
- New Drill: 60 Active | 21 Completed | 50 Drilling/DUC | 29 Permits
- 486 Active Offset Producers
- Select Offset Operators:
- Continental Resources, Inc.
- Diamondback E&P LLC
- XTO Energy Inc.
NOTE: If WI delivered is less than represented, the purchase price will be proportionally reduced.
This is a sealed bid property on EnergyNet.com, Lot# 106586. Bids are due July 26, 2023 at 12:00 pm CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Cody Felton, Managing Director, at Cody.Felton@energynet.com or Jewell Arias, Buyer Relations, at Jewell.Arias@energynet.com.
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