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.
M3 Helium has retained EnergyNet for the sale of a Hugoton play opportunity with right to participate in a helium/natural gas/ liquids drilling program in Finney and Haskell Counties, Kansas. The Lot# 108219 package includes accessible commercial infrastructure and pipelines.
Opportunity highlights:
Offering the right to co-invest in a Helium/Gas/Liquids Exploration Company, in its development of the accompanying assets and rights, along with an option to acquire non-operating working interest positions in its assets.
- Key Strengths:
- Access to the largest gas field in the U.S.
- Accessible commercial Infrastructure and pipelines to existing processing plants
- % Helium .5% - 1.5% across exploration targets
- Years of historical production data from >7,000 existing wells
- Hugoton East Play:
- 43% IRR over 14 Years net fees and Royalties
- M3 Helium will have the power to select drill sites for the farmout wells on an area of ~192,000 acres (300 Sections)
- $550 / MCF Gross Helium contract rate
- 50-well development plan:
- ~$350K average well completion cost
- ~45 days SPUD to Sales
- < 3,000' well depth
- Low line pressure
- SWD in place
- 1-Owned, 49 via Farmout agreement
- 50-well 30-Year farmout forecast:
- .8 BCFG on average per analogous well
- Helium 280 MMCF Production
Bids are due Nov. 7, 2023, at 4:00 PM CST. For complete due diligence information on this property, please visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
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