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.
Finley Resources retained EnergyNet Indigo for the sale of a Delaware Basin opportunity comprising an acreage position consisting of three leases limited to the Wolfcamp Formation in the Permian in Ward County, Texas.
Asset Overview:
- 11 wells including eight Wolfcamp horizontals
- Two newly proposed horizontal Wolfcamp wells (elected to participate)
- Average Working Interest ~19% / Average Net Revenue Interest ~16%
- Current net production 348 boe/d (81% liquids)
- Six-month average net income: $440,000/month
- 1,283 gross (432 net) leasehold acres
- 100% HBP
- Three existing horizontal DSUs
- 15% average royalty burden
- Undeveloped locations in proven stacked Wolfcamp targets
- Multiple horizons de-risked throughout position with strong well performance in and around leasehold
- Wolfcamp A Upper
- Wolfcamp A Lower
- Wolfcamp B
- Wolfcamp C
- 34 undeveloped locations at modest development spacing
- Existing DSUs enable full development with two-mile laterals
- Compelling single well economics for full undeveloped inventory
- Average EUR 1.4 MMboe (10,000 ft)
- Average IRR 56%
![EnergyNet Indigo Marketed Map - Finley Resources Delaware Basin Ward County Opportunity](/sites/default/files/inline-images/EnergyNet%20Indigo%20Marketed%20Map%20-%20Finley%20Resources%20Delaware%20Basin%20Ward%20County%20Opportunity.png)
Bids are due March 10. The transaction is expected to close in March with an effective date of Feb. 1.
A virtual data room is available. For complete due diligence information visit indigo.energynet.com or email Zachary Muroff, vice president of business development, at Zachary.Muroff@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
FERC Filings Indicate Plaquemines LNG is Ready to Commission
2024-07-01 - Kinder Morgan has requested a tariff for natural gas delivery to the new Plaquemines LNG facility.
Hess Midstream Repurchases $100MM Class B Units
2024-06-30 - Hess Midstream repurchased more than 2.7 million Class B units as part of its strategy to deliver shareholder returns.
Iowa Board Approves Segment of $5.5B CO2 Transport Pipeline
2024-06-30 - Summit Carbon Solutions still needs approval from four other states for its CO2 transport pipeline.
USD Partners to Sell Rail Asset as Part of Forbearance Agreement
2024-06-26 - Midstream company USD Partners is selling a Canadian train terminal asset as part of a forbearance agreement to avoid foreclosure or default with its lenders.
Deal Change: BANGL Stake No Longer Part of Energy Transfer’s WTG Merger
2024-06-26 - NGL production in Texas is following a growth trend as it recovers from COVID-19, and the BANGL Pipeline's joint venture partners want in.