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PERMIAN BASIN PROJECT FOR SALE

Acreage & Leasehold

All Standard Disclaimers Apply & Seller Rights Retained


PERMIAN BASIN PROJECT FOR SALE

GAINES & YOAKUM COS., TX

~6,562 Gross Acres. 1-SWD

CENTRAL BASIN PLATFORM

READY-TO-DRILL

Directly South-Ring/Wishbone Transaction

100% OPERATED WI; 75% NRI

One Lease - No Undivided Tracts

Facilites Could Handle 15,000/BOPD

SWD Well Could Handle 20,000/BOWD

FLEXIBLE & MOTIVATED SELLER

L 2152DV

Energy Advisors Group has been retained Grace Petroleum LP to market a 6,562 Fee Acreage ready-to-drill prospect on the Gaines-Yoakum county line.

An interested party should send request for the Private VDR and will be granted access to Facilities & SWD data and sent instructions on how to discuss offers with the Seller directly and/or EAG Dallas office.

CENTRAL BASIN PLATFORM
DRILL READY PROSPECT FOR SALE
6,562 Gross & Net Acres.
MULTIPLE HORIZONTAL TARGETS
15 (MULTI PAY) VERTICAL ZONES
100% OPERATED WI; 75% NRI
Actively Developed Area
Facilities & SWD Systems Available
PRIOR OPERATOR DRILLED EXPENSIVE WELLS
MOTIVATED SELLER READY TO TRANSACT.
HE CURRENTLY OPERATES IN AREA BUT IS NOT A DEVELOPER

One lease, one trust. There are not any outside undivided tracts.

Discussion---
The facilities were built late 2018. The WCE 1D, the SWD well & new drill, was drilled late 2018 also. The step rate test was +/-30,000 @ 1700 psi to Lower Devonian and Ellenburger. The SWD well itself is integral to the production battery. Nothing separate and distinct with respect to facilities as initially constructed. Fluid separation from the FWKO, separator, heater treater, etc. goes to/thru the 750 bbl gun barrel, then water to the tanks. Automation kicks in the centrifugal, and sends water to the WCE 1D. During late-2018 thru mid-2019, the facilities and SWD well were sufficient for the needs at the time. The well was taking 7,000 bpd on a vacuum. Right now, it takes ~4500 bpd at 210 psi. A light acid job will be done this month. It will be back on a vacuum then for a while.

This Prospect lies just South of the Ring Energy and Wishbone Position which transacted back in 2019.

Here Are Additional Quick Highlights--

(1) Land---
--- Seller believes acreage is worth $600,000- $700,000 ($90-$120/acre)
--- 1 Yr Left On Primary Term of the Lease ; Seller Believes An Extension could Be Negotiated.
--- One lease, one trust. There are not any outside undivided tracts.
--- This Prospect lies just South of the Ring Energy and Wishbone Position which transacted back in 2019.

(2) SWD/Facilities -
--- Significant value to the deal of the existing production facilities (new in 2018/2019)
---Seller would consider a sale of the facilities/SWD to a serious buyer.
---- Facilities and SWD well alone are worth in excess of $2MM, and remain basically new. Seller would consider $950,000 for the Facilities/SWD would include throwing in existing flowlines, acquired ROWs/easements, permits. All already existing with additional intrinsic value.
--- Facilities could handle 15,000 BOPD, full SCADA/automation, etc.
--- Existing SWD well (drilled late-2018), Could handle 20,000 BOWD.
--- Buyer would have a big jump on infrastructure – not just acreage.
--- Seller has significant amount of engineering data, from ROW surveys to facilities engineering to well files, etc.

This is a negotiated sale. The Seller is realistic and understands market conditions and is receptive to hearing market offers that offer consideration for the underlying assets

Please Contact:
Energy Advisors Group
Mr. Richard Martin
14875 Landmark Blvd Ste 125
Dallas, TX 75254
----Phone: 214-774-2150 Fax: 713-600-0138
----Email: [email protected]

Ronyld W. Wise
Managing Director
5120 Woodway Dr Ste 10010
Houston,TX 77056
----Phn: 713-600-0123 Fax: 713-600-0138; Cell Phone: 713-594-0812
----Email: [email protected]

Questions Regarding This Asset? Email Richard Martin or call EAG at 214-774-2150
Virtual Data Room

GAINES & YOAKUM COS., TX

~6,562 Gross Acres. 1-SWD

CENTRAL BASIN PLATFORM

READY-TO-DRILL

Directly South-Ring/Wishbone Transaction

100% OPERATED WI; 75% NRI

One Lease - No Undivided Tracts

Facilites Could Handle 15,000/BOPD

SWD Well Could Handle 20,000/BOWD

FLEXIBLE & MOTIVATED SELLER

L 2152DV

Energy Advisors Group has been retained Grace Petroleum LP to market a 6,562 Fee Acreage ready-to-drill prospect on the Gaines-Yoakum county line.

An interested party should send request for the Private VDR and will be granted access to Facilities & SWD data and sent instructions on how to discuss offers with the Seller directly and/or EAG Dallas office.

CENTRAL BASIN PLATFORM
DRILL READY PROSPECT FOR SALE
6,562 Gross & Net Acres.
MULTIPLE HORIZONTAL TARGETS
15 (MULTI PAY) VERTICAL ZONES
100% OPERATED WI; 75% NRI
Actively Developed Area
Facilities & SWD Systems Available
PRIOR OPERATOR DRILLED EXPENSIVE WELLS
MOTIVATED SELLER READY TO TRANSACT.
HE CURRENTLY OPERATES IN AREA BUT IS NOT A DEVELOPER

One lease, one trust. There are not any outside undivided tracts.

Discussion---
The facilities were built late 2018. The WCE 1D, the SWD well & new drill, was drilled late 2018 also. The step rate test was +/-30,000 @ 1700 psi to Lower Devonian and Ellenburger. The SWD well itself is integral to the production battery. Nothing separate and distinct with respect to facilities as initially constructed. Fluid separation from the FWKO, separator, heater treater, etc. goes to/thru the 750 bbl gun barrel, then water to the tanks. Automation kicks in the centrifugal, and sends water to the WCE 1D. During late-2018 thru mid-2019, the facilities and SWD well were sufficient for the needs at the time. The well was taking 7,000 bpd on a vacuum. Right now, it takes ~4500 bpd at 210 psi. A light acid job will be done this month. It will be back on a vacuum then for a while.

This Prospect lies just South of the Ring Energy and Wishbone Position which transacted back in 2019.

Here Are Additional Quick Highlights--

(1) Land---
--- Seller believes acreage is worth $600,000- $700,000 ($90-$120/acre)
--- 1 Yr Left On Primary Term of the Lease ; Seller Believes An Extension could Be Negotiated.
--- One lease, one trust. There are not any outside undivided tracts.
--- This Prospect lies just South of the Ring Energy and Wishbone Position which transacted back in 2019.

(2) SWD/Facilities -
--- Significant value to the deal of the existing production facilities (new in 2018/2019)
---Seller would consider a sale of the facilities/SWD to a serious buyer.
---- Facilities and SWD well alone are worth in excess of $2MM, and remain basically new. Seller would consider $950,000 for the Facilities/SWD would include throwing in existing flowlines, acquired ROWs/easements, permits. All already existing with additional intrinsic value.
--- Facilities could handle 15,000 BOPD, full SCADA/automation, etc.
--- Existing SWD well (drilled late-2018), Could handle 20,000 BOWD.
--- Buyer would have a big jump on infrastructure – not just acreage.
--- Seller has significant amount of engineering data, from ROW surveys to facilities engineering to well files, etc.

This is a negotiated sale. The Seller is realistic and understands market conditions and is receptive to hearing market offers that offer consideration for the underlying assets

Please Contact:
Energy Advisors Group
Mr. Richard Martin
14875 Landmark Blvd Ste 125
Dallas, TX 75254
----Phone: 214-774-2150 Fax: 713-600-0138
----Email: [email protected]

Ronyld W. Wise
Managing Director
5120 Woodway Dr Ste 10010
Houston,TX 77056
----Phn: 713-600-0123 Fax: 713-600-0138; Cell Phone: 713-594-0812
----Email: [email protected]

Questions Regarding This Asset? Email Richard Martin or call EAG at 214-774-2150