Undisclosed
Transaction Type
Sellers
Marketers
Basin
Powder River
Post Date
Estimated Price
0MM
Description
PLS Inc. has been retained to sell nonoperated and operated working interest in Wyoming's Powder River Basin. The package includes interest in 150 operated and 190 nonoperated wells targeting shallow and deep coal-bed methane. Gross production is 622 barrels of oil (198 barrels net) and 19.5 million cubic feet per day 1.25 million net). Estimated cash flow is $290,000 per month. Total total proved developed producing reserves are 163,000 barrels of oil and 1.05 billion cubic feet equivalent. Contact Richard Martin, 713-650-1212.