Marketed: Wolfcamp Shale Nonop Interest, Reeves County, Texas

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Field
Wolfcamp Shale
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Raisa II LLC retained EnergyNet for the sale of Wolfcamp Shale assets within the Permian Basin through an auction closing Aug. 28.

The offering includes non operated working interest in two wells operated by PDC Energy Inc. plus HBP leasehold acreage located in Reeves County, Texas.

Highlights:

  • Nonoperated Working Interest in Two Proved Developed Producing Well Package (PDC Energy Inc. Operated):
    • 7.455208% Working Interest / 5.591406% NRI
    • 53.60 Net HBP Leasehold Acres (All Future Upside and Depths Included)
  • Six-Month Average 8/8ths Production: 463 barrels per day of Oil and 4.966 million cubic feet per day of Gas
  • Three-Month Average Net Cash Flow: $33,898 per Month

Raise II is an affiliate of Raisa Energy, an independent exploration and production company based in Denver.

Bids are due by 2 p.m. CDT Aug. 28. For complete due diligence information energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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