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Laredo Petroleum Inc. is selling its operated and nonoperated working interests in 20 wells, plus associated leasehold acreage, all located in the Permian Basin in Glasscock County, Texas.
Property Highlights:
- Operated Working Interest in 16 Wells
- 87.68471% to 100.00% WI / 66.41445% to 77.76584% NRI
- 15 Producers | 1 Shut-In Well
- Nonoperated WI in 4 Producing Wells
- 2.03411% to 32.54583% WI / 1.56627% to 25.06029% NRI
- Operator: Apache Corp.
- 6-Month Average 8/8ths Production: 266 BOPD and 812 MCFPD
- 12-Month Average Net Income: $199,268/Month
- 5,956.50 Gross / 2,649.45 Net Leasehold Acres
- 2,644.28 Net HBP Leasehold Acres
- 5.17 Net Undeveloped Leasehold Acres
This is an auction property with bids ending on March 21 at 1:30 p.m. CT. For complete due diligence information, please visit energynet.com or contact Lindsay Ballard, VP Business Development, at Lindsay.Ballard@energynet.com.
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