GULF PROSPECT, PLATFORM & PIPELINE
Midstream Properties
All Standard Disclaimers Apply & Seller Rights Retained
MUSTANG ISLAND BLOCK 818
1-Platform. 1-Wellbore. 1-Re-Entry
SHALLOW STATE WATERS
STACKED THICK MULTI PAY
8-BEHIND PIPE PAY ZONES
Platform “I” (Monopod) – Shallow Water
4” Flowline To Platform. 1,800 Ft Subsea Tie-In
Connected to 20” Trunk Line
SELLING OPERATIONS & PROJECT CONTROL
Immediate Re Entry
Infrastructure in Place. Low-Cost Re-Entry
84-140 MBbls Condensate & 6.0-7.0 Bcf
Facilities/Capacity:1,000 BOPD & 15 MMCFD
DOCUSIGN TO ACCESS DATAROOM NOW
G 3019DV
The Opportunity---
Mustang Gathering, LLC and Cryptic Petroleum, Inc. are marketing an integrated Gulf of America platform and intrastate pipeline package at Mustang Island Block 818-L .
The Sale combines Platform "I" — a 3-slot monopod tripod refabricated by Laredo Construction in Q4-2011 in 57' of Texas state waters — with a 15.10-mile 20" intrastate gas trunk (hydrotested at 1,800 psig), a 4" flowline from Platform "I" to "A", and the 6-Pigs onshore terminus on North Padre Island delivering gas to HPL/Enterprise under Master Gas Purchase Agreement C0713388 and condensate to Shell Trading — all fully assignable.
Production Opportunity---
The single active wellbore (I-1, API 42-273-30114994) is shut-in with a frac-packed I-5 completion and 8 behind-pipe pay zones. The last stabilized rate was 150 Bopd and 700 Mcf/d back in January 2013). Independent reservoir reports from Huddleston & Company (2010) and RPS Energy / Silvermere (2011) support 3P reserves of 91.1 Bscf gas + 9.1 MMbbl oil/condensate and NPV-10 of up to $94.4 MM on the Silvermere working interest.
I-1 well re-entry unlockes 7 behind-pipe sand targets (A-1, A-13/15, B-20, B-23, G-1/3, I-6); the bidder selects the recompletion sequence, and one successful stage moves Probable to Proved. Texas state-waters jurisdiction means no federal BOEM or BSEE involvement. In addition, the prospect generator highlights that a single P-5/P-4 transfer plus General Land Office consent clears regulatory in 60–90 days, with first sales targeted within 6–9 months of close. Both assets and the prospect are marketed together for a single qualified buyer who controls the full wellhead-to-HPL value chain and eliminates midstream counterparty risk.
TO LEARN MORE:
Christian Jones
Director – A&D, Houston
Phone: (713)-857-1213
Email: [email protected]
Energy Advisors Group
4265 San Felipe Street, Suite 650
Houston, TX 77027
Phone: (713) 600-0123
MUSTANG ISLAND BLOCK 818
1-Platform. 1-Wellbore. 1-Re-Entry
SHALLOW STATE WATERS
STACKED THICK MULTI PAY
8-BEHIND PIPE PAY ZONES
Platform “I” (Monopod) – Shallow Water
4” Flowline To Platform. 1,800 Ft Subsea Tie-In
Connected to 20” Trunk Line
SELLING OPERATIONS & PROJECT CONTROL
Immediate Re Entry
Infrastructure in Place. Low-Cost Re-Entry
84-140 MBbls Condensate & 6.0-7.0 Bcf
Facilities/Capacity:1,000 BOPD & 15 MMCFD
DOCUSIGN TO ACCESS DATAROOM NOW
G 3019DV
The Opportunity---
Mustang Gathering, LLC and Cryptic Petroleum, Inc. are marketing an integrated Gulf of America platform and intrastate pipeline package at Mustang Island Block 818-L .
The Sale combines Platform "I" — a 3-slot monopod tripod refabricated by Laredo Construction in Q4-2011 in 57' of Texas state waters — with a 15.10-mile 20" intrastate gas trunk (hydrotested at 1,800 psig), a 4" flowline from Platform "I" to "A", and the 6-Pigs onshore terminus on North Padre Island delivering gas to HPL/Enterprise under Master Gas Purchase Agreement C0713388 and condensate to Shell Trading — all fully assignable.
Production Opportunity---
The single active wellbore (I-1, API 42-273-30114994) is shut-in with a frac-packed I-5 completion and 8 behind-pipe pay zones. The last stabilized rate was 150 Bopd and 700 Mcf/d back in January 2013). Independent reservoir reports from Huddleston & Company (2010) and RPS Energy / Silvermere (2011) support 3P reserves of 91.1 Bscf gas + 9.1 MMbbl oil/condensate and NPV-10 of up to $94.4 MM on the Silvermere working interest.
I-1 well re-entry unlockes 7 behind-pipe sand targets (A-1, A-13/15, B-20, B-23, G-1/3, I-6); the bidder selects the recompletion sequence, and one successful stage moves Probable to Proved. Texas state-waters jurisdiction means no federal BOEM or BSEE involvement. In addition, the prospect generator highlights that a single P-5/P-4 transfer plus General Land Office consent clears regulatory in 60–90 days, with first sales targeted within 6–9 months of close. Both assets and the prospect are marketed together for a single qualified buyer who controls the full wellhead-to-HPL value chain and eliminates midstream counterparty risk.
TO LEARN MORE:
Christian Jones
Director – A&D, Houston
Phone: (713)-857-1213
Email: [email protected]
Energy Advisors Group
4265 San Felipe Street, Suite 650
Houston, TX 77027
Phone: (713) 600-0123