Marketed: Nonop Interest In Apache-Operated Midland Basin Wells

The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Merced Capital retained Energy Advisors Group Inc. (EAG) to market nonoperated working interest in Southern Midland Basin wells operated by Apache Corp. with a cash flow of about $60,930 per month in first-half 2019.

The package consists of two horizontal trend area wells located in the Spraberry Field of Upton County, Texas. The wells are completed in the Wolfcamp B formation, with lateral lengths from 8,000 ft to 9,000 ft. Combined, they have produced over 355,000 barrels of oil equivalent (boe) since brought online in March 2017. During July, gross production totaled 111 barrels per day (bbl/d) of oil and 1.012 million cubic feet per day of gas (279 boe/d) and net production of 39 bbl/d of oil and 353,000 cubic feet per day of gas (98 boe/d).

Bids are currently being accepted for this package. Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plus assignments. For more information, contact Blake Dornak, A&D associate with EAG, at bdornak@energyadvisors.com or 713-600-0123.