Prime Rock Resources LLC and Prime Rock Royalties LLC has retained EnergyNet for the sale of 160 net leasehold acres plus four producing wells, four proposed wells and nine PUDs located in Lea County, New Mexico. The Lot# 108184 package includes 100% of their production and leasehold interest in the Mewbourne Caper Unit.

PRR LLC
(Source: EnergyNet)

Opportunity highlights:

  • 100% of their production and leasehold interest in the Mewbourne Caper Unit located in Sections 20 & 29-21S-32E in Lea County, New Mexico.
  • PRR has a JOA with Mewbourne governing lease operations:
    • PRR owns 160 HBP’d acres under a BLM lease with an 87.5% NRI covering all depth rights.
    • PRR owns a 12.5% WI and 12.5% NRI in existing and future W/2 Wolfcamp wells, 12.5% WI and 9.375% NRI in existing and future E/2 Wolfcamp wells, and 25% WI and 21.875% NRI in existing and future W/2 Bone Springs wells.
  • There are currently 4 producing wells, 4 proposed wells scheduled to spud in October 2023 (PRR has elected to participate), 5 wells planned for Q4 of 2024, and 4 additional PUD wells.
  • Non-Operated WI

Bids are due October 26, 2023, at 4:00 PM CDT. For complete due diligence information on this property, please visit http://www.indigo.energynet.com or email Zachary Muroff, Managing Director, at Zachary.Muroff@energynet.com.

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