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Granite Wash Upstream & Midstream Assets

Wheeler County, Texas

ASSET HIGHLIGHTS

  • Shallow decline, horizontal Granite Wash producing properties and wholly-owned midstream assets supplement operating margins and cash flows.

  • April estimated EBITDA of $2.65MM with a profit margin of 82% including midstream, and a 12-Month forecast total PDP net cashflow of $30.4MM. 

  • 32MBOE in 1P reserves representing a 15.8-year R/P ratio, shallow annual decline rate of 13% for the oil phase and 10% for the gas phase.  Limited near-term P&A.

  • Trailing 6-Month average net production of 5,532 BOE per day consisting of 50% liquids and 50% gas from 194 operated PDP wells.

  • Wholly-owned Wheeler Midstream compression and gathering systems contribute over $700k in stable fee-based cashflows per month.

  • ~9,000 contiguous, de-risked HBP net acres in the core of the Granite Wash. 100% HBP with high working interest and limited royalty burden.

  • Ample de-risked development opportunities and high rate-of-return non-producing, behind-pipe opportunities with reserves totaling 19.4MBOE.

EXECUTIVE SUMMARY

Please return executed Confidentiality Agreement to Nick Asher at nasher@meagheradvisors.com


For Questions, Please Contact:

Nick Asher, Vice President (303) 721-6354 ext. 260
Aaron Hugen, Director of Engineering (303) 721-6354 ext. 228
Chris McCarthy, Executive Vice President (303) 721-6354 ext. 224

NOTE: A Confidentiality Agreement (“CA”) must be executed prior to receiving the data package for this listing. Once you order the package you will receive the Executive Summary along with the CA.

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