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Tap Rock Resources LLC retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Delaware Basin through a sealed-bid offering. The package, Lot# 95376, includes 100% gross working interest with operations in three producing wells plus HBP leasehold acreage in Reeves County in West Texas.
Highlights:
- Operations in Three Producing Wells:
- Before Payout Interest: 100.00% Working Interest / Average 75.02% Net Revenue Interest
- After Payout Interest: Average 99.86% Working Interest / Average 74.89% Net Revenue Interest
- Six-Month Average 8/8ths Production: 190 bbl/d of oil and 276 Mcf/d of gas
- Six-Month Average Net Production: 143 bbl/d of oil and 207 Mcf/d of gas
- 12-Month Average Net Income: $149,544/Month
- 679.34 Net HBP Leasehold Acres
- Operator Bond Required
Bids are due at 4 p.m. CDT on Nov. 10. For complete due diligence information visit energynet.com or email Lindsay Ballard, managing director, at Lindsay.Ballard@energynet.com, or Denna Arias, executive director of acquisitions and divestments, at Denna.Arias@energynet.com.
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