The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Stone Hill Exploration and Production has retained EnergyNet for the sale of a Midland Basin 41 well package (11 PDP wells, 5 WIPs and 25 PUD locations) in Howard County, Texas. The lot# 114901 package includes a six-month average free cash flow of $38,688/ month.

Stone Hill 41 Well package
(Source: EnergyNet)

Opportunity highlights:

  • Non-Operated WI in 11 PDP Wells:
    • 10 Wolfcamp A
    • 1 Lower Spraberry
  • 5 WIPs scheduled to TIL May 2024:
    • 2 Dean
    • 1 Wolfcamp A / 2 Wolfcamp D
  • 25 Addtional PUD Locations:
    • 4 Dean
    • 5 Lower Spraberry / 6 Middle Spraberry
    • 6 Wolfcamp B / 4 Wolfcamp D
  • Additional PUD upside in Leonard, Wolfcamp C, and Barnett
  • 6-Month Average Free Cash Flow: $38,688/Month
  • 6-Month Average 8/8ths Production: 530 BOPD and 1,731 MCFPD
  • 6-Month Average Net Production: 22 BOPD and 72 MCFPD
  • Operators: Callon Petroleum Operating Company (1) and OXY USA Inc.
  • 108.34 Net HBP Leasehold Acres

Bids are due Feb. 22 at 4 p.m. CST. For complete due diligence, please visit energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.