Oil & Gas In Texas
Eastern shelf Texas
(western acreage)
-Ownership: ~90% Working Interest
-Wells: 32 PDP Wells
-Infrastructure: dedicated 6 SWD Wells, Pipeline and System
-Production: ~3600 BOEPD Net
-Cash Flow: ~$25MM NTM (Avg $2MM-$3MM per month)
-PDP PV10: ~$70MM
-PUD PV20: ~$30MM
-Significant cash flow
-Liquid rich stream: ~80%
-High Working Interest
-Large acreage position and blocks
-Dedicated water system
-High quality infrastructure and facilities
-Efficient production maintenance
-Margin increase through cost saving program with lift systems
-Upside: 28 locations (~10 to 12 high graded), >100% IRR
-Consistent and steady production and development
-Purchase Metrics: 2.5x cash flow,
Financials (USD)
Asking Price Not Disclosed
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