Private equity-backed PT Petroleum, Carrier Energy Partners and KA Henry II
have retained Wells Fargo Securities to market assets in the southern Midland Basin
in Upton, Reagan and Crockett counties, Texas. Covering 59,066 net acres with an
average operated 92.7% WI (69.4% NRI), the assets had net production in May of 1,750
boe/d (72% oil) from 38 wells primarily targeting the Wolfcamp A, B and C formations.
There are 128 upside locations within the HBP acreage and ~800 locations......
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