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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.
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