EASTERN SHELF OPERATED SALE
10-Producing Hz Wells. 7,600-Net Acres.
SE SCURRY COUNTY, TEXAS
Producing From Strawn A Formation
With Additional Upside In L Strawn Fm
12-PUDs Including 7-Permits.
3-Operated Wells Planned For H2-2022
100% OPERATED WI (75% NRI)
Net Production: 2.1 MBOED (85% Liq)
NTM PDP Cash Flow: $33,000,000
Net PDP Reserves: 3.1 MMBOE
PDP PV-10: $75,000,000
Net 3P Reserves: 6.5 MMBOE
3P PV-10: $120,000,000
Implementing Field-Wide SWD System
BIDS ARE DUE JULY 13, 2022
PP 6084DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
DETRING ENERGY ADVISORS - CARR RESOURCES INC
Deal Summary
Carr Resources Inc has retained Detring Energy Advisors to assist in the sale of certain operated Eastern Shelf basin assets in Texas.
Highlights:
-- Located in Southeast Scurry Co., TX;
-- Covers 7,600 net contiguous acres;
-- Holds 100% WI (75% NRI);
-- Producing from the Strawn A formation with additional upside in Lower Strawn C formation;
-- Includes 10 producing horizontal wells and 12 low-risk PUD locations including 7 current permits (3 operated wells planned for H2-2022);
-- Net PDP Reserves (as of 1-Aug-2022): 3.1 MMBOE (85% liquids, PV-10: ~$75 million);
-- Net 3P Reserves (as of 1-Aug-2022): 6.5 MMBOE (85% liquids, PV-10: ~$120 million);
-- Net Production (as of 1-Aug-2022): 2.1 MBOE/d (~60% oil, ~25% NGL, and ~15% gas);
-- NTM PDP cash flow (as of 1-Aug-2022): $33 million;
-- LTM lifting cost: ~$6/BOE;
-- Well economics include D&C cost of $5.7 million, IP-30 of 625 BOE/d, EUR of 625 MBOE, ROI of 2.5x, and payout of 0.75 years;
-- Implementing field-wide SWD system by actively permitting new SWD well and ROW for gathering lines while projecting a 75% reduction to SWD costs.
To learn more contact:
Ms. Melinda Faust
Phone: 713-595-1004
Email: mel@detring.com
