Breitburn Operating LP; Maverick Natural Resources LLC
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The offer includes operated working interest in the Artesia, Grayburg Jackson, Loco Hills and Millman East fields.
Property Highlights:
- Operated Working Interest in the Artesia Field:
- 100.00% to 32.98611% Working Interest / 80.68055% to 26.88368% Net Revenue Interest
- Includes an Additional 0.94474% Overriding Royalty Interest in 25 Dunn B Federal Wells
- 130 Producing Wells | 34 Injection Wells | 3 Non-Producing Wells
- Waterflood Potential in Artesia Field (provided by Seller)
- Operated Working Interest in the Grayburg Jackson Field:
- 100.00% Working Interest / 79.25% Net Revenue Interest
- Seven Producing Wells
- Operated Working Interest in the Loco Hills Field:
- 100.00% to 94.0312% Working Interest / 75.50% to 71.784376% Net Revenue Interest
- Four Producing Wells | One Injection Well
- Operating Working Interest in the Millman East Field:
- 100.00% Working Interest / 73.91876% Net Revenue Interest
- 15 Producing Wells | Two Injection Wells
- Six-Month Average 8/8ths Production: 132 Barrels Per Day of Oil and 44,000 Cubic Feet Per Day of Gas
- Six-Month Average Net Income: $82,845/Month
- 9,376.45 Net HBP Leasehold Acres
This is an Auction Property. Bids close at 1:45 p.m. CST Jan. 16.
For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development for EnergyNet, at Cody.Felton@energynet.com. For additional information, contact Denna Arias director of transaction management for EnergyNet, at Denna.Arias@energynet.com.