Asset Oil & Gas in Texas production
Current Production net: Approx 2000 BOEPD
Asset Summary
A. 33,000 net rural acres with avg 91% WI & 84% NRI (TN&R 8N 67W)
B. About 15,000 HBP acres with minimal development obligations until sometime in 2025/26
C. Net production of about 2,000 boe/d (76% oil) from the Codell (mostly) & Niobrara
formations
D. Over $75MM PDP PV-10 value with an additional $100+MM of PUD value
E. High cash margins with minimal oil and gas deducts
F. 18 producing horizontal wells with 60+ permits and existing facilities (drill ready)
G. Owned & operated gas gathering system and ample oil takeaway
.H. Over 50 PUD's
Financials (USD)
Asking Price Not Disclosed
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