Rockcliff Energy II LLC is selling operated Permian Basin assets in the San Andres horizontal oil play through an offering handled by Detring Energy Advisors.
The offer comprises a large, contiguous acreage position covering more than 36,000 net acres and operations in horizontal San Andres wells in the Permian’s Northwest Shelf of New Mexico.
Highlights:
- About 36,300 net acres (100% operated);
- Average 76% working interest and 78% lease net revenue interest;
- Future drilling to focus on the proven (1P) reservoir, Detring said;
- About 20% average oil cut;
- Ideal candidate for hydraulic fracturing due to thick anhydrite top seal and water-blocking carbonate base seal, Detring said;
- About 20% average oil cut;
- Saltwater disposal infrastructure includes 23 miles of polyline and one disposal well;
- Capacity is about 20,000 barrels of water per day;
- Net production is about 140 barrels of oil equivalent per day;
- Four active horizontal San Andres producing wells; and
- More than 300 identified horizontal 1P locations, according to Detring.
Bids are due Nov. 8. For information visit detring.com or contact Melinda Faust, director at Detring at 713-907-2003.
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