NW GOMEZ FIELD JV OPPORTUNITY
17,900-Net Acres.
PECOS COUNTY, TEXAS
Deep Ellenburger & Wolfcamp Frmns
Wolfcamp A, B & 2nd, 3rd Bone Spring
60-PDP, 13-PDNP, & 4-PDSI Wells
386-Net Drilling Locations
Average 85% WI For PDP Wells
Average Net Production: 1.5 MBOED
NTM PDP Cash Flow: $10,300,000
Net PDP Reserves: 14.159 MMBOE
PDP PV-10: $78,400,000
Net Total Reserves: 350.318 MMBOE
Total PV-10: $2,068,800,000
Additional Upside In Wolfcamp C Frmn
BIDS ARE DUE NOVEMBER 9, 2022
PP 5955DV
| 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 offering an opportunity for joint development and co-ownership in currently developed wells in the Northwest Gomez Field.
Highlights:
-- Located in Pecos Co., TX;
-- Covers ~17,900 net acres;
-- Holds an average of 85% WI for operated PDP wells;
-- Produces from conventional deep Ellenburger and unconventional Wolfcamp wells;
-- Includes 60 PDP wells, 13 PDNP wells, and 4 PDSI well;
-- Includes 386 net drilling locations, 680 gross locations (138 in 2nd Bone Spring, 138 in 3rd Bone Spring, 200 in Wolfcamp A, and 204 in Wolfcamp B);
-- Net PDP Reserves (as of 1-Jan-2023): 14.159 MMBOE (~94% gas, ~4% oil, and ~2% NGL, PV-10: $78.4 million);
-- Net total Reserves (as of 1-Jan-2023): 350.318 MMBOE (~66% oil, ~17% NGL, and ~17% gas, ~4% PDP, PV-10: $2.0688 billion);
-- Net PDP Production (Jan-2023E): 1.5 MBOE/d;
-- NTM PDP cash flow: $10.3 million;
-- Includes additional upside in Wolfcamp C formation;
-- Rare alliance opportunity with Chevron in a large, consolidated asset with undeveloped horizontal stacked pay;
-- No MVCs 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
