Marketed: Permian Basin Asset, Lea County, New Mexico

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

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.

EverQuest Energy Corp. retained EnergyNet for the sale of a Permian Basin asset located in Lea County, N.M., through an auction closing Oct. 16.

The offer includes interests in a Devonian producer plus 100% working interest in an offset saltwater disposal well.

Highlights:

  • 87.91268% Working Interest / 70.82189% Net Revenue Interest in the Mobil State COM #1
    • Devonian Producer under High-Volume Lift Operations
  • 100% Working Interest in the State L 736 #1 Saltwater Disposal Well
  • Six-Month Average 8/8ths Production: 18 barrels per day of Oil
  • 18-Month Average Net Cash Flow: $15,949 per Month
    • Cash flow includes an additional income from Saltwater Disposal fees charged to other Working Interest Owners —averaging $2,550 per month—for the use of the 100%-owned Saltwater Disposal well that offsets the producing well.
  • Operations assisted by a self-contained PLC that monitors production and disposal equipment automatically facilitating shutdown and startup for pre-programmed events

Bids are due by 1:30 p.m. CDT Oct. 16. For complete due diligence information visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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