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Location
Category
Description
1100 acre Leasehold regionally located along Eastern margin of the Delaware Basin
Highly active O&G development area, with operators such as Felix (WPX), Jagged Peak (Parsley), and Oasis
Historic horizontal production mainly from Wolfcamp A, with operators recently successfully testing the 3rd Bone Spring in the immediate area
1st well drilled (initial 1-mile lateral) exhibited IP30 of 550 BOPD / 650 BOEPD and has cumulatively produced 145 MBO /170 MBOE to date (1st production September 2018). Currently producing 150 BOPD + gas.
Recent down spacing tests by offset operators confirming 8-wells/section for multiple landing zones
Price and dataroom subject to Non-Disclosure Agreement
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