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Chevron U.S.A. Inc. (Chevron) is offering a Wolfcamp Shale opportunity in Reeves County, Texas. Lot# 106586 includes wellbore only in 2 Hz wells, 3 offset rigs, and 181 offset permits. More information about the offering can be found below. Chevron has retained EnergyNet as its exclusive advisor relating to the transaction. 

EnergyNet Lot 106586
(Source: EnergyNet)

Asset Highlights:

  • Wellbore Only in 2 Hz Wells:
    • 37.9184% to 37.6240% WI / 32.1986% to 31.9508% NRI
    • Projected Formations: Middle Wolfcamp A | Upper 3rd Bone Spring Organic
    • Participation Cost: $8,916,705.17
  • Election to Participate is due 08/05/2023
  • Operator: Diamondback E&P LLC
  • 3 Offset Rigs
  • 181 Offset Permits
    • Amended: 1 Active
    • Field Transfer: 20 Active
    • New Drill: 60 Active | 21 Completed | 50 Drilling/DUC | 29 Permits
  • 486 Active Offset Producers
  • Select Offset Operators:
    • Continental Resources, Inc.
    • Diamondback E&P LLC
    • XTO Energy Inc.

NOTE: If WI delivered is less than represented, the purchase price will be proportionally reduced.

This is a sealed bid property on EnergyNet.com, Lot# 106586. Bids are due July 26, 2023 at 12:00 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 Jewell Arias, Buyer Relations, at Jewell.Arias@energynet.com.