The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Parsley Energy Inc. retained EnergyNet Indigo for the sale of its Big Tex asset located within the Permian Basin in Pecos County, Texas, through a sealed-bid offering closing Oct. 15.

The offering includes operations in a 43-well package plus 11,625.18 net leasehold acres. EnergyNet Indigo is exclusive transaction and technical adviser to Parsely Energy et al to facilitate the sale.

Highlights:

  • Operated Working Interest in 43 Wells:
    • 100.00% to 87.509368% Working Interest / 75.000001% to 68.627342% Net Revenue Interest
    • 24 Producing Wells | 7 Shut-In Wells | 8 Temporarily Abandoned Wells | 1 Suspended Well
  • Six-Month Average Net Production: 1,558 bbl/d of Oil and 3.490 MMcf/d of Gas
  • Seven-Month Average Net Cash Flow: $954,852 per Month
  • 11,625.18 Net Leasehold Acres:
    • 6,517.11 Net HBP Leasehold Acres
    • 5,108.07 Net Non-Producing/CDC Related Leasehold Acres
  • Additional Asset Development Potential
    • Exposure to a High Net Interest, Contiguous, Oily 
    • Southern Delaware Asset
    • Access to Commercial Target Depths (Bone Spring, Wolfcamp) with Upside to Woodford
    • Opportunity to Extend about 5,725 Net Acres with Built-In Kickers
    • Significant Drill-Out Optionality in 3rd Bone Spring and Wolfcamp A
      • 62 Gross Locations at 1,760-ft Spacing
      • 353 Gross Locations At 330-ft Spacing
    • Freshwater Supply Network Built Out Across Southern Asset Area

Bids are due by 4 p.m. CT Oct. 15.

Marketed: Parsley Energy Big Tex Asset, Pecos County, Texas

The Parsley Energy Big Tex asset package is listed on EnergyNet’s new platform, EnergyNet Indigo, which is tailor-made for higher valued assets. The platform features asset deals valued from $20 million to more than $250 million, according to the A&D advisory firm.

For complete due diligence information visit indigo.energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.

Onshore