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Tyner Energy LP retained EnergyNet for the sale of a North Midland Basin package in the DEPA prospect comprised of non-producing leasehold acreage in Dawson and Martin counties, Texas, through a sealed-bid offering closing Dec. 10.
Highlights
- 2,309.87 Net Non-Producing Leasehold Acres
- 100.00% of Oil and Gas Leases (Delivering a 75.00% Net Revenue Interest)
- Acreage Expires 2021 and 2022 | 1,595.91 Net Acres have Options to Extend thru 2023 and 2024
- 267.50 Net Acres Subject to Consents to Assign
- About Three Operated Horizontal Drilling Corridors
- Additional Horizontal Development with Trades
- Horizontal Dean Opportunity with Upside
- Dean/Sby Formation Healthy Across Footprint
- Positive Pinon Horizontal Dean Development Nearby
- WC Formation Healthy in Southern Portions
- Offset to Callon Silver City Mega-Pad
- 10 Offset Active Rigs
- 604 Active Offset Permits
- 244 Active | 49 Completed | 20 Drilled/Drilling | 153 DUC | 138 Permitted
- 1,400 Active Offset Producers
- Select Area Offset Operators include Birch Operations Inc., Callon Petroleum Operating Co., Diamondback E&P LLC and Endeavor Energy Resources LP
- Direct access to the Virtual Data Room: energynet.com/property_information.pl?lot=73076
Bids are due by 4 p.m. CT Dec. 10. For complete due diligence information on either package visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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