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Eddy and Lea Counties, New Mexico
Ector, Crane, Loving, Pecos, Winkler and Ward counties, Texas

ASSET HIGHLIGHTS

  • Opportunity to acquire assets in highly coveted areas creates an attractive target for unconventional oil and gas development
  • Steady production and cash flow
  • 247 active non-operated wells
  • Additional upside in non-producing minerals
  • Non-Producing acreage in certain areas currently leasing for $1,000-$6,000 per net acre
  • Net cash flow forecasted for December 2018 - $92,880
  • Forecasted production in December 2018
    • Gross: 14,836 BOPD and 16,205 MCFD
    • Net: 67 BOPD, 231 MCFD
  • Average interest: 9.99% WI, 8.18% NRI
  • Up to 50% WI in active wells
  • Notable operators include Apache, EOG Resources, Concho and Cimarex
  • Six wells currently drilling on PGP acreage

LAND

  • Significant HBP leasehold position
    • ~5,800 net acres in New Mexico and Texas with majority located in the Delaware Basin
    • 527 net mineral acres in highly sought-after counties such as Lea County, NM
  • Detailed lease schedule is available in data package

For Questions, Please Contact:

Jacque Semple, Project Manager (918) 481-5900 ext. 221
Matt Williams, VP Business Development Mid-Continent (918) 481-5900 ext. 230
Shawn Nix, Engineering Manager - Mid-Continent (918) 481-5900 ext. 222
Harriet Robinson, RPL, Contract Land Manager (918) 481-5900 ext. 229
Derec Norman, Director of Marketing (918) 481-5900 ext. 226

Bid Date

March 7, 2019

Effective Date

December 1, 2018

Closing Date

April 18, 2019

Pending listings cannot be ordered.

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