EASTERN SHELF OPERATED ASSETS
32-Wells. 7,287-Net Acres (7,976-Gross)
HERMLEIGH EAST FIELD
SCURRY COUNTY, TEXAS
Targets The Strawn Sand Formation
31-Operated Wells (16-Ver & 15-Hz)
1-Non-Operated Well. 8-PUD Locations.
Development Program Assumes
Drilling Of 1 - 2 Wells Per Year
Gross Production: 2.733 MBOED
Net Production: 1.479 MBOED (97% Liq)
NTM PDP Cash Flow: $32,700,000
PDP PV-10: $78,400,000
Total Proved PV-10: $116,700,000
Net Oil Reserves: 4.29 MMBO
BIDS ARE DUE JULY 27, 2022
PP 6091DV
| Onshore |
Land Base |
| Unconventional |
Play Type |
CORE ENERGY ADVISORS LLC - VERADO ENERGY INC
Deal Summary
Verado Energy Inc and partners have retained Core Energy Advisors LLC to assist in the sale of operated Hermleigh East field assets in Texas.
Highlights:
-- Located in Scurry Co., TX;
-- Covers 7,287 net acres (7,976 gross, 80% HBP);
-- Targets the Strawn Sand formation;
-- Includes 31 operated wells (16 vertical and 15 horizontal) wells, 1 non-operated horizontal well, and 8 well defined PUD locations (average IRRs of 79%);
-- Development program assumes drilling of 1 to 2 wells per year;
-- PDP PV-10: $78.4 million;
-- Total proved PV-10: $116.7 million (~67% PDP and ~33% PUD, ~100% operated);
-- Net oil Reserves: 4.29 MMbbl (~47% PDP and ~53% PUD, ~100% operated);
-- PDP Production: Gross - ~2.733 MBOE/d and Net - 1.479 MBOE/d (~67% oil, ~30% NGL, ~3% gas);
-- NTM PDP cash flow: $32.7 million.
To learn more contact:
Mr Harrison Williams
Phone: 713- 962-1400
Email: hwilliams@coreenergyadvisors.com
