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.
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