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Laredo Petroleum Inc. is selling its operated and nonoperated working interests in 20 wells, plus associated leasehold acreage, all located in the Permian Basin in Glasscock County, Texas.

Property Highlights:

  • Operated Working Interest in 16 Wells
    • 87.68471% to 100.00% WI / 66.41445% to 77.76584% NRI
    • 15 Producers | 1 Shut-In Well
  • Nonoperated WI in 4 Producing Wells
    • 2.03411% to 32.54583% WI / 1.56627% to 25.06029% NRI
    • Operator: Apache Corp.
  • 6-Month Average 8/8ths Production: 266 BOPD and 812 MCFPD
  • 12-Month Average Net Income: $199,268/Month
  • 5,956.50 Gross / 2,649.45 Net Leasehold Acres
    • 2,644.28 Net HBP Leasehold Acres
    • 5.17 Net Undeveloped Leasehold Acres

This is an auction property with bids ending on March 21 at 1:30 p.m. CT. For complete due diligence information, please visit energynet.com or contact Lindsay Ballard, VP Business Development, at Lindsay.Ballard@energynet.com.