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
Finley Resources Delaware Basin Ward County Acreage Position Map (Source: EnergyNet)

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.

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