Petroflow Energy Ltd.

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
0MM
Description

Petroflow Energy Ltd. has retained Meagher Oil & Gas Properties Inc. to sell certain producing assets in New Mexico. The package includes 50% nonoperated working interest (41.25% net revenue interest) in 6,870 total net acres including 1,443 undeveloped acres in the San Juan Basin in San Juan County. Net proved reserves are 13 billion cubic feet of gas (9.8 proved developed producing). Production is 5.6 million cubic feet per day from 52 wells. Four wells have been drilled and are waiting on gathering. Upside includes 10 proved undeveloped locations. Leases are limited in depth to the base of the Mesa Verde formation. The bid due date is March 20. The effective date is April 1. The closing date is April 23. Contact Julia Foster, 303-721- 6354, ext. 229.