The following information is provided by .PLS
PLS Energy Advisors Group has been retained by Hyperion Oil & Gas LLC (4HC Energy LLC) to assist in the marketing of their Garza County producing property located in the northern portion of the Midland Basin. Under the operating name of Hyperion O&G LLC, the assets are primarily vertical wells producing from the Spraberry formation in the Lazy JL Field. Hyperion operates 52-wellbores with current gross volumes of 121 BOPD & 22 MCFD and net volumes of 92 BOPD and 16 MCFD (94 BOED). Additionally, Hyperion operates on 3,776.9 gross acres (2,973.1 net) with a 100% WI & 75% NRI.
OFFERS DUE: MARCH 23, 2018
Hyperion’s oil weighted vertical wells in Lazy JL field allow a buyer to step into a low-risk operated asset. The well’s production maintains an impressive aggregate decline rate of 6.4% year-over-year and are optimized through water flood injection. The property’s cash flow level in current 2018 prices is over $100,000/month.
- 35-Prod. , 8-NonProd. 9-Water Inj. Wells;
- Spraberry Reservoir;
- Behind pipe opportunities identified;
- 100% Operated WI; 75% NRI;
- Gross Production: 125 BOED (97% Oil);
- Net Production: 90 BOED;
- Net Cash Flow: > $100,000/Month;
- Total Proved Rsrvs: 709 MBOE (97% Oil);
- PDP PV10: $4,600,000; and
- PNP PV10: $1,137,000.
Hyperion has provided an internal engineering report with a PDP PV10 is $4,500,000 calculated on a conservative price deck of less than $50/bbl. Additional behind pipe opportunities exist in four (4) wellbores with an investment cost of $150,000/well to add a zone and frac. The behind pipe procedure will recover 21.5 MBOE/well in net reserves.
For more information visit PLS Energy Advisors Group or contact Ross Benoche, Director-Sell Side Services, at 713-650-1212.
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