Sold - Olifant Energy II - Operated STACK Production and Leasehold
- 34,423 MCFE/D September net production consisting of 76% Gas and 20% NGL. 90% of the production comes from 29 operated horizontal wells.
- September estimated EBITDA of $3.3MM with a 68% profit margin and a 12-month forecast total PDP net cashflow of $31.5MM.
- 20,000 de-risked, high working interest HBP net acres in core STACK. Concentrated in the most active parts of the basin with rigs offsetting acreage.