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.
A private seller retained the Oil & Gas Asset Clearinghouse to market for sale its operating working interest within the Permian Basin in Winkler and Crane counties, Texas.
Highlights:
- Operated working interest in 41 active wells on 1,500 net acres in Winkler and Crane counties, Texas
- Average ownership of 98% working interest / 76% net revenue interest
- Producing from Grayburg, Queen, Clearfork and Devonian formations
- Attractive upside potential
- Recompletion opportunities in the Glorieta A & B
- Facilities improvements to boost gas sales potential
- Stable production and cash flow
- Average gross June production of 70 bbl/d of oil and 40 Mcf/d of gas
- $660,000 next 12-month forecasted PDP cash flow
- PV-10: $2.7 million (PDP + PDNP)
- Recent workover activity has boost cash flow and production
Bids are due Sept. 30. The transaction is expected to have an Oct. 1 effective date.
A virtual data room is available. For information visit ogclearinghouse.com or contact Tyler Post at tpost@ogclearinghouse.com or 972-736-5814.
Recommended Reading
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
Flame Acquisition Holders Approve Merger with Sable Offshore
2024-02-14 - The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp.
TechnipFMC Eyes $30B in Subsea Orders by 2025
2024-02-23 - TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
Will the Ends Justify the Means for W&T Offshore?
2024-03-11 - After several acquisitions toward the end of 2023, W&T Offshore executives say the offshore E&P is poised for a bounce-back year in 2024.