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EverQuest Energy Corp. retained EnergyNet for the sale of a Permian Basin asset located in Lea County, N.M., through an auction closing Oct. 16.
The offer includes interests in a Devonian producer plus 100% working interest in an offset saltwater disposal well.
Highlights:
- 87.91268% Working Interest / 70.82189% Net Revenue Interest in the Mobil State COM #1
- Devonian Producer under High-Volume Lift Operations
- 100% Working Interest in the State L 736 #1 Saltwater Disposal Well
- Six-Month Average 8/8ths Production: 18 barrels per day of Oil
- 18-Month Average Net Cash Flow: $15,949 per Month
- Cash flow includes an additional income from Saltwater Disposal fees charged to other Working Interest Owners —averaging $2,550 per month—for the use of the 100%-owned Saltwater Disposal well that offsets the producing well.
- Operations assisted by a self-contained PLC that monitors production and disposal equipment automatically facilitating shutdown and startup for pre-programmed events
Bids are due by 1:30 p.m. CDT Oct. 16. For complete due diligence information visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
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