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Ring Energy Inc. retained EnergyNet for the sale of certain Permian Basin assets located in Culberson and Reeves counties, Texas. The Lot# 104107 package includes 142 wells plus 100% HBP leasehold, including mineral and surface fee acreage.
Opportunity highlights:
- Operated Working Interest in 142 Wells:
- Avg. ~98% WI / Avg. ~75% NRI
- Injection/Disposal Permitted Capacity
- Active SWD Wells (4) - 65,000 BWPD
- Active WF Injection Wells (2) - 6,000 BWPD
- Inactive SWD Wells (2) - 45,000 BWPD
- SWD Drilled but not Completed (3) - 45,000 BWPD
- 12-Month Average (December 2021 - November 2022)
- Net Production: 230 BOPD, 302 MCFPD, and 9 BNPD
- Net Income: $294,671/Month
- 18,437 Net Acres Including 1,519 Net Mineral Acres Along with an Additional 1,340 Surface Fee Acres
- Operator Bond Required
Bids are due at 4:00 p.m. CDT on March 2.
For complete due diligence information, please visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
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