Welcome, visitor! [ Register | Login

$Call or email for more info

Oil & Gas leasehold and related assets for sale located in Ector County of the Central Basin Platform (the “Assets”). The Assets offer an attractive opportunity to acquire a large-scale, unconventional resource play

  • State/Province: Oklahoma
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • Demo Page URL: http://www.detring.com
  • I Want To: Sell
  • Telephone Number: (512) 296-4653
  • Email Address: mel@detring.com
  • Listed: November 1, 2018 11:58 am
  • Expires: 1080 days, 23 hours
detring_energy_small

Description

Novo Oil & Gas, LLC (“Novo”) has retained Detring Energy Advisors to market for sale its oil & gas leasehold and related assets located in Ector County of the Central Basin Platform (the “Assets”). The Assets offer an attractive opportunity to acquire a large-scale, unconventional resource play with multiple target zones analogous to the prolific STACK play of central Oklahoma.

Asset Highlights:

· ~14,600 Net Acres | Contiguous, Operated Position

o No material expirations until April 2020, with operator-friendly continuous development clauses

o Contiguous position ideal for extended laterals and pad development

o Development plan includes ~120 operated hz. locations targeting the Meramec/Barnett Shale (6 wells/sec. spacing)

§ 1.8 MBoed (IP) / 2.3 MMBoe (EUR) at ~75% liq. (3 stream)

· High-Quality Rock Underpinned by In-Depth Technical Characterization

o The Assets target Mississippian-aged rock transitioning from massive carbonate to organic rich shale (STACK analog) with the added benefit of the prolific unconventional Barnett Shale

§ Avg. petroleum system thickness of ~700 ft with dual source rocks and OOIP of 100+ MMBO/sec. (Barnett through Woodford)

§ Comprehensive technical analysis completed by Novo including whole core, DFIT, and oil soluble tracer analysis

o Highly economic proximal results validate commercial viability of the Barnett with 30+ hz wells drilled/in-progress

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, October 29th

o Data room presentations available on request

· Proposals due on Wednesday, December 5th

Listing ID: 1275bdb305db65ab

Report problem

Processing your request, Please wait....

More ads from this poster

Translate »