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.

Texas Independent Exploration Ltd. retained EnergyNet Indigo to exclusively market for sale its nonoperated working interest within XTO Energy’s Karino Unit located within the Delaware Basin in Pecos County, Texas. The package consists of 10 horizontal producing wells and 21 PUDs across multiple producing benches.

Highlights:

  • Non-Operated Working Interest in the Karino Unit:
    • 6.286485% to 0.51389% Working Interest / 4.714864% to 0.385418% Net Revenue Interest (Before Payout)
    • 10 Producing Wells
    • Operator: XTO Energy Inc.
  • Six-month Average 8/8ths Production: 3,687 bbl/d of Oil and 5,505 Mcf/d of Gas
  • Three-month Average Net Income: $268,856/Month
EnergyNet Indigo Marketed Map - Delaware Basin Working Interest XTO Karino Unit Pecos County Texas
Asset Position (Source: EnergyNet Indigo)

Overview and Upside Potential

  • 10 Wells Producing from Four Main Benches
  • Next 12-month Cash Flow: $3.4 million
  • 21 PUD Locations to be Drilled 2021-22:
    • Targeting Three Benches
    • Projected 1st Sales Date: February 2022
    • 10,000 ft Laterals
  • PV-10: $38 million
    • PDP: $13 million
    • PUD: $25 million

Bids are due by 4 p.m. CDT on Aug. 25. Effective date of the sale is Sept. 1, according to EnergyNet.

A virtual data room is available. For complete due diligence information visit indigo.energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.

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