North American Petroleum Corp. USA

Transaction Type
Field
Guinn Field
Post Date
Estimated Price
0MM
Description

North American Petroleum Corp. USA has retained Simplex Energy Solutions to sell operated interests in Lynn County, Texas. The package includes 100% working interest (70.3% to 75% net revenue interest) in 920 total acres involving five leases in Guinn Field. The assets include 25 total wells with five producing. Current production or potential is from the San Andres and Glorieta formations. Average production from June to August 2009 was 22 barrels of oil and 265 barrels of water per day. These leases have accumulated more than 1 million barrels of oil and 400 million cubic feet of gas. Contact David Fowler, 432-683-3791, dfowler@simplexenergy.