The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Chevron USA Inc. and Chevron MidContinent LP retained EnergyNet for a northern Delaware Basin opportunity with operations, non-operated WI and HBP Leasehold in Eddy County, New Mexico. The bid property is Lot# 105871 on EnergyNet’s website.
Opportunity highlights:
- Premium Eddy County, New Mexico Position
- ~2,134 net acre position, in the northern area of the Delaware Basin in Eddy County, New Mexico
- Future development of 37 10,000' laterals
- Chevron is delivering 75% 8/8ths gross NRI and retaining surface acreage
- Gross Bone Spring thickness of greater than 300' with high TOC and porosity across the acreage position
- Delineated, Premium Inventory Potential Across Several Zones
- 37 gross repeatable drilling locations included across the position in Eddy County, New Mexico
- 18 locations in the 2nd Bone Spring at 1,320' spacing
- 19 locations in the 3rd Bone Spring at 1,320' spacing
- Further potential upside of 27 locations at 1,320' spacing in the Avalon
- 37 gross repeatable drilling locations included across the position in Eddy County, New Mexico
- Predictable Production and Cash Flow
- PDP production of ~1,818 net boe/d (June 2023E)
- Midstream infrastructure in place with ample takeaway capacity supports full development plan
- No MVCs or drilling commitments
- NTM PDP Cash Flow of ~ $11 MM
Bids are due July 27, 2023, at 4:00 PM CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Cody Felton, Managing Director, at Cody.Felton@energynet.com or Reilly Bliton, Director of Engineering at EnergyNet Indigo, at Reilly.Bliton@energynet.com.
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