SE GOMEZ FIELD ASSETS FOR SALE
22,124-Net Acres.
PECOS COUNTY, TEXAS
Produces From Deep Ellenburger Frmn
Wolfcamp A,B,C & 2nd, 3rd Bone Spring
41-PDP, 5-PDNP, & 1-PDSI Wells
264-Net Drilling Locations
Average 90% WI For PDP Wells
Average Net Production: 1.28 MBOED
NTM PDP Cash Flow: $7,600,000
Net PDP Reserves: 12.468 MMBOE
PDP PV-10: $60,800,000
Net Total Reserves:234.284 MMBOE
Total PV-10: $1,364,500,000
Additional Upside Of 262 Locations
BIDS ARE DUE NOVEMBER 9, 2022
PP 5878DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
ENERGYNET INDIGO - CHEVRON USA INC
Deal Summary
Chevron USA Inc and its affiliates have retained EnergyNet Indigo to assist in the divestiture of Southeast Gomez field assets in Texas.
Highlights:
-- Located in Pecos Co., TX;
-- Covers ~22,124 net acres;
-- Holds an average of 90% WI for operated PDP wells (operational control with 99% of production);
-- Produces from conventional deep Ellenburger formation;
-- Includes 41 PDP wells, 5 PDNP wells, and 1 PDSI well;
-- Includes 264 net drilling locations, 529 gross locations (131 in 2nd Bone Spring, 199 in Wolfcamp A, and 199 in Wolfcamp B);
-- Drilling locations in 2nd Bone Spring, Wolfcamp A & B formations and additional upside in 3rd Bone Spring and Wolfcamp C formations;
-- Net PDP Reserves (as of 1-Jan-2023): 12.468 MMBOE (100% gas, PV-10: $60.8 million);
-- Net total Reserves (as of 1-Jan-2023): 234.284 MMBOE (~64% oil, ~16% NGL, and ~20% gas, ~5% PDP, PV-10: $1.3645 billion);
-- Average net Production (Jan-2023E): 1.28 MBOE/d;
-- NTM PDP cash flow: $7.6 million;
-- Further potential upside of 262 locations (131 in 3rd Bone Spring and 131 in Wolfcamp C);
-- No MBCs or drilling commitments, and exposure to the prolific Delaware Basin;
-- Gas infrastructure in place with ample takeaway capacity supports the full development plan.
To learn more contact:
Mr. Cody Felton
Phone: 281-221-3042
Email: Cody.Felton@energynet.com
