Marketed: Stone Hill 41 Well Package in Howard County, Texas

Transaction Type
Marketers
Basin
Midland Basin
Post Date
Close Date
Estimated Price
MM
Description

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.

(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. 

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