oil & gas assets
EnergyNet Inc Producing Properties

PP 5985 ACTIVE DEAL

Producing Properties
* All Standard Disclaimers Apply & Seller Rights Retained

Region Permian Basin
Area West Texas (RRC #8 FW)
Posted31-Oct-22
Confirmed31-Oct-22
Offer10-Nov-22

Owner

Tap Rock Resources LLC

Contact

EnergyNet Inc
Ms. Lindsay Ballard
F
1615 Redstone Manor Dr
Spring TX 77379
Phone: +1-832-403-3122
Fax: +1-972-265-7982
lindsay.ballard@energynet.com
 

Regional Listings

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REEVES CO., TX PROPERTY

3-Producing Wells.
DELAWARE BASIN
679.34-Net HBP Leasehold Acres
Wolfcamp Shale Formation
100% BPO WI (75.02% NRI)
99.86% APO WI (74.89% NRI)
Average 8/8th Production: 236 BOED
Average Net Production: 177.5 BOED
Average Net Cash Flow: $149,544/Mn
BIDS ARE DUE NOVEMBER 10, 2022
PP 5985

Onshore Land Base
Unconventional Play Type
ENERGYNET INC - TAP ROCK RESOURCES LLC

Deal Summary

Tap Rock Resources LLC (backed by NGP Energy Capital Management) has retained EnergyNet Inc to assist in the sale of certain operated Delaware Basin assets in Texas.

Highlights:
-- Located in Reeves Co., TX;
-- Covers 679.34 net HBP leasehold acres;
-- Holds average 100% BPO WI (75.02% NRI) and 99.86% APO WI (74.89% NRI) in 3 wells;
-- Targets the Wolfcamp Shale formation;
-- Average 8/8th Production (6 months): 236 BOE/d (~81% oil, and ~19% gas);
-- Average net Production (6 months): 177.5 BOE/d (~81% oil, and ~19% gas);
-- Average net cash flow (12 months): $149,544/month.

To learn more contact:
Ms. Lindsay Ballard
Phone: 432-547-0424
Email: Lindsay.Ballard@energynet.com

*Disclaimer
Oil and gas exploration, production and investment are extremely speculative. This website and content herein may also contain forward-looking statements as that term is defined in applicable securities laws. Words such as “anticipate,” “believe,” “continue,” “expect,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “goal,” “objective” will typically identify such forward-looking statements. Although buyers, sellers and capital providers are making the forward-looking statements contained herein in good faith and on the basis of assumptions a Company believes are reasonable, actual results may differ materially from those predicted in such forward-looking statements. Following are a list of factors that could cause actual results to differ from those predicted: acquisition and investment risks; uncertainty of estimates of natural gas and oil reserves and production rates; inherent hazards and risks associated with the Company‘s assets; drilling risks; compliance with environmental and other governmental regulations; the competitive nature of the Company‘s industry; weather risks and other natural disasters. All users of the PLS website recognize that ALL STANDARD DISCLAIMERS APPLY and ANY AND ALL SELLER RIGHTS ARE RETAINED. As with all commercial websites, PLS is NOT responsible for any of the data found herein NOR for the business decisions of any individual using this website.