PERMIAN OPERATED ASSETS
6-Vertical PDP Wells. 789.45-Net Acres.
REEVES, PECOS, WARD, & CRANE
COUNTIES, TEXAS
2,283-Gross Acres
Montoya, Devonian, Mississippian, &
Ellenburger Formations
7.5% - 84% WI (6.15% - 73.5% NRI)
Net Prod (Apr-2022): 39.8 BOED
Net Prod (Pump, May-2022): 44.3 BOED
Net Avg Income: $32,100/Month
Facilities: Non-Op WI In Pecos Gas Plant
CONTACT AGENT FOR MORE INFO
PP 6113
| Onshore |
Land Base |
| Conventional |
Play Type |
SAMUEL ENERGY ASSOCIATES LLC - SIPES EXPLORATION INC; ET AL
Deal Summary
Sipes Exploration Inc, et al, have retained Samuel Energy Associates LLC to assist in the sale of certain operated Permian basin assets in Texas. Seller will entertain partial offers.
Highlights:
-- Located in Reeves Co., Pecos Co., Ward Co., and Crane Co., TX;
-- Covers 789.45 net acres (2,283 gross);
-- Holds 7.51608% to 84% operated WI (6.15557% to 73.5% NRI);
-- Targets the Montoya, Devonian, Mississippian, and Ellenburger formations;
-- Includes 6 producing vertical wells;
-- Average Production (Apr-2022): Gross - 195.5 BOE/d and Net - ~39.8 BOE/d (~87% gas and ~13% oil);
-- Average Production (pumper, May-2022): Gross - ~230.3 MBOE/d and Net - ~44.3 BOE/d (~89% gas and ~11% oil);
-- Average net income (Feb-2022 to Apr-2022): ~$32,100 /month;
-- Facilities include non-operated interest in a gas plant in Pecos Co., TX;
-- Operator: Chisos Operating (an affiliate of Sipes Exploration).
To learn more contact:
Mr. Byron Tuck
Phone: 432-686-7023
Email: BTuck@samuelenergyassociates.com
