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.
Highlights:
- Production:
- Oil - 2,350 barrels per day (bbl/d) of Oil
- Producers - 191 (about 40% on ESP and 60% on Rod Pump)
- Injection:
- Total injection rate - 85,000 bbl/d of water
- Active Injectors - 74 (61 Phosphoria | 13 Tensleep | 2 Madison | 1 Chugwater)
- Operator:
- 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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