The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

A private seller retained the Oil & Gas Asset Clearinghouse to market for sale its operating working interest within the Permian Basin in Winkler and Crane counties, Texas.

Highlights:

  • Operated working interest in 41 active wells on 1,500 net acres in Winkler and Crane counties, Texas
    • Average ownership of 98% working interest / 76% net revenue interest
    • Producing from Grayburg, Queen, Clearfork and Devonian formations
  • Attractive upside potential
    • Recompletion opportunities in the Glorieta A & B
    • Facilities improvements to boost gas sales potential
  • Stable production and cash flow
    • Average gross June production of 70 bbl/d of oil and 40 Mcf/d of gas
    • $660,000 next 12-month forecasted PDP cash flow
    • PV-10: $2.7 million (PDP + PDNP)
    • Recent workover activity has boost cash flow and production
Clearinghouse Marketed Map - Permian Basin Operated Working Interest in Texas
(Source: Oil & Gas Asset Clearinghouse LLC)

Bids are due Sept. 30. The transaction is expected to have an Oct. 1 effective date.

A virtual data room is available. For information visit ogclearinghouse.com or contact Tyler Post at tpost@ogclearinghouse.com or 972-736-5814.

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