The following information is provided by Simplex Energy Solutions LLC. All inquiries on the following listings should be directed to Simplex Energy. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
EverQuest Energy Corp. retained Simplex Energy Solutions LLC as its exclusive adviser for the sale of an operated working interest package in the Permian Basin in New Mexico’s Lea County.
Current production comes from the Queen, Penn, and Devonian formations from 11 active producers plus two saltwater disposal wells. Upside opportunities include infill drilling additional vertical wells on 40-acre spacing (currently drilled on 80-acre proration tracts), recompleting six wells and installing a Penrose sand waterflood, according to Simplex.
Highlights:
- $53,221/month Net Income (average June-August)
- Located northwest and west of Lovington, New Mexico
- 2,040 gross acres (approximately)
- 100% - 80% Working Interest
- 81.3% - 75% Net Revenue Interest
- Gross Production (average September-August): 45.3 bbl/d of Oil / 28.7 Mcf/d of Gas
The opportunity is being offered on a bid-basis with offers due by 4 p.m. CST on Oct. 13. Contact Karl Reiter at kreiter@simplexenergy.com or 432-683-3791 with any additional questions.
Recommended Reading
Shell, Equinor JV to Create UK’s Largest Independent Oil, Gas E&P
2024-12-05 - The joint venture will produce more than 140,000 boe/d in 2025, Shell said. In the U.K., Equinor currently averages 38,000 boe/d and Shell 100,000 boe/d.
PakEnergy Acquires Petrosight to Expand Well Software Platform
2025-01-07 - PakEnergy LLC said the combined firm can deliver “unparalleled visibility and control” to well operators.
Standard Lithium, Equinor Crank Up Direct Lithium Extraction Pilot Plant
2024-12-19 - SWA Lithium’s pilot plant in Arkansas is processing brine to confirm engineering design parameters, Standard Lithium says.
Roth-Backed SPAC To Take Public Permian Gas, Helium Producer
2024-11-13 - A blank-check company backed by Roth Capital Partners and Craig-Hallum Capital Group aims to combine with Permian gas and helium producer New Era Helium.
Q&A: Exxon Mobil Pioneers the Permian and Guyana
2024-12-03 - Liam Mallon, Exxon Mobil’s upstream president, discusses how XOM liquids production has hit a 40-year high on the 25th anniversary of the Exxon-Mobil merger, and plans for the future.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.