Blackwell BMC LLC is offering for sale certain assets in the Texoma Region in Grayson County, Texas.
The offer includes nonoperated working and net revenue interests in 86 active wells in the Big Mineral Creek Field plus behind-pipe opportunities. The Oil & Gas Asset Clearinghouse is the exclusive technical, marketing and transaction adviser for the sale.
Highlights:
- 86 active wells;
- Producing from Pennsylvanian and Ordovician age systems;
- Barnes, UV Sands and Viola formations are the primary productive intervals;
- Additional upside potential in the Viola and Woodford formations;
- 681,000 barrels of oil equivalent (boe) of net proved reserves;
- 138 boe/d (about 70% oil) of net production forecast for January;
- $103,000 of net cash flow forecast for January;
- Actual net cash flow for September was $75,400;
- About 8,860 gross lease acres;
- 16.94%-30% working interest and 13.85%-26.25% (all nonoperated);
- 29 behind-pipe opportunities; and
- Five proved but undeveloped locations.
Bids are being accepted and are due by Jan. 31. The sale is expected to have an effective date of Jan. 1.
For information visit ogclearinghouse.com or contact Patrick DaPra, vice president of negotiated transactions with Clearinghouse, at 832-601-7655.
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