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Suemaur Exploration & Production LLC et al are selling their operated working interest in 26 wells, plus associated leasehold acreage, located in Brooks, Hidalgo, Nueces and Willacy counties, Texas.

Property Highlights:

  • Operated Working Interest in 26 Wells:
    • 40.00% to 80.00% WI / 30.228768% to 57.60% NRI (BPO)
    • 24 Producing Wells | 2 Shut-In Wells
  • 6-Month Average 8/8ths Production: 5,327 MCFPD and 118 BOPD
  • 12-Month Average Net Income: $272,743/Month
  • 7,261.6938 Net Leasehold Acres
    • 7,221.6938 Net HBP Acres
    • 40.00 Net Undeveloped Acres

Upside Potential (provided by Seller):

  • Total Net Proved Reserves of ~11.5 BCF and 210.4 MBC (Total of 12.8 BCFE)
  • 3 Proved Developed Behind Pipe Zones in Three Distinct Wells
  • 3 Proved Undeveloped Locations - Direct Offsets to Producing Wells
  • 1 Probable Undeveloped Location with Good Risk-Adjusted Economics
  • Additional Exploitation Potential in the La Sal Vieja, Rucias North and Brayton, North Fields

This is a sealed-bid offering. Bids are due March 21 at 4 p.m. CT. For complete due diligence information, please visit energynet.com or contact Denna Arias by phone at 281-949-8463, or by email at Denna.Arias@energynet.com. Submit sealed-bid offers via email to Cody Felton, VP Business Development, at Cody.Felton@energynet.com.