EXL Petroleum LP

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
0MM
Description

NEW, EXL Petroleum LP, Midland, Texas, has retained Albrecht & Associates Inc. to sell certain assets in Texas in a negotiated sale. The package includes 32 producing wells and 178 proved, undeveloped locations on 8,400 gross acres (8,200 net) in the Wolfberry trend in Upton, Midland and Ector counties. Current net production is approximately 1,240 barrels of oil and 3.1 million cubic feet of gas per day for a total 1,900 barrels equivalent. Proved reserves are 16.5 million barrels of oil and 22.2 billion cubic feet of gas (72% oil). Assets also include 13 proved behind-pipe opportunities. The data room is open through Nov. 2. Negotiations are expected to be concluded by Nov. 7, with an effective date of Nov. 1. Contact Harrison Williams, 713-951- 9586.