Promontory Exploration LP has retained EnergyNet for the sale of 1,400 net leasehold acres Eddy and Lea Counties, New Mexico. The Lot# 107713 package includes 52 proven HZ locations operated by Top Delaware Basin.
Opportunity highlights:
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- 1,400 net leasehold acres across 6 tracts
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- 26% Lea Co. / 74% Eddy Co.
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- Average WI: 20.31%
- Rights to all depths
- No expirations until 2033
- 52 Proven HZ locations
- Horizontal Drilling Inventory
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- 21 well proposals on position
- 2 approved permits on position
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- 40 Upside HZ locations
- Ownership concentrated under premier Delaware Basin operators including Mewbourne, Tascosa, and Promontory Exploration
- 188 Horizontal Rigs continue to run in the Delaware Basin
- Active Development by Top Delaware Basin Operators
Bids are due October 26, 2023, at 4:00 PM CDT. For complete due diligence information on this property, please visit http://www.indigo.energynet.com or email Zachary Muroff, Managing Director, at Zachary.Muroff@energynet.com
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