Energy Net just published an asset sale for the referenced property. Link below.
Includes production from 12 wellbores / all 100% WI and 76% NRI
Average recent production of 511 BOPD gross / 395 BOPD net
Net Operating margin of $1.07 Million per month
PDP PV-10 $22.9 Million
PDP Net reserves of 821 MBOE
Watch Trinity go after this one.
See attached map. Looks like the SW most 12 wells in their 130+ well EF producing position
Thanks, Mark. This is probably not good news for me, unless Trinity or others have lots of cash, but I appreciate the info.
ReCoil looking to divest their lower performing properties is a normal move for a trend like this. EOG has done it as have every other trend operator.
Plus here is that the future buyer is coming in to make more of their purchase.
Still proven oil in the ground with undrilled locations, albeit not as great as it is in some areas of the Eagle Ford.
There's that geology thing again!LOL