Fasken Oil and Ranch Ltd. is offering operated interest in a West Texas oil field through a sale in conjunction with The Oil & Gas Asset Clearinghouse.
The offer includes HBP acreage and active horizontal Wolfcamp B wells in Lin Field in Irion County, Texas.
Highlights:
- 100% operated working interest and 77.2179%-82.375% net revenue interest;
- Interest to be conveyed from the base of the Dean Formation and below;
- About 2,900 gross/net acres (HBP);
- Two active horizontal Wolfcamp B wells;
- About 231 barrels of oil equivalent per day of production forecasted for December;
- About $166,000 net cash flow forecasted for December;
- About 300 horizontal Wolfcamp wells drilled in the area;
- 450,000-barrels frack pit;
- Four water supply wells; and
- Six square miles of proprietary 3-D seismic survey.
Upside opportunities:
- Six additional laterals in the Wolfcamp B;
- Eight additional laterals in the Wolfcamp C;
- Additional laterals in the Wolfcamp A;
- Ellenburger potential; and
- Two additional drilling pads built.
Bids are due Dec. 15. The data room opens Nov. 16. For information visit ogclearinghouse.com or contact Patrick DaPra, vice president of negotiated transactions, at 832-601-7655.
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