The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Merit Management Partners I LP retained EnergyNet for the sale of nonop Wyoming package through a sealed-bid offering closing Oct. 23.
The offer comprises nonoperated working interest in a 292 well package in the Hamilton Dome Unit and Westate Lease located in Hot Springs County, Wyo. The assets are operated by Merit Energy Co., an affiliate of the seller.
- Oil - 2,350 barrels per day (bbl/d) of Oil
- Producers - 191 (about 40% on ESP and 60% on Rod Pump)
- Total injection rate - 85,000 bbl/d of water
- Active Injectors - 74 (61 Phosphoria | 13 Tensleep | 2 Madison | 1 Chugwater)
- Merit Energy has Operated the Field since 1995
- Merit has held the Fieldwide Decline at about 3%
- In 2016, Merit became the Largest Operator in the Basin
- Development Opportunities:
- Recompletions and Stimulation
- Injection Conversion to further optimize Flood Patterns
- Facility Optimization to Minimize Electricity Usage
- Horizontal drilling development - implementing Merit's recent Curtis formation drilling program from nearby Grass Creek Field (average IP's about 250 bbl/day) at Hamilton Dome
Bids are due by 4 p.m. CDT Oct. 23. For complete due diligence information visit energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
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