$700,000.00 Property 7600 acres - Sterling, Coke, and Nolan Counties

Published date: April 22, 2020
  • Location: Sterling City Texas, Permian Basin

7600 acres productive in the Strawn, Wolfcamp, and
Ellenburger located in Sterling, Coke and Nolan Counties.

Proved Developed Producing – PV9 $1,328,820
 Proved Shut‐in (net of $104,100 investment) $627,700
 Total Proved Reserves $1,956,520
 Proved Behind Pipe – not quantified but numerous Wolfcamp recompletions
 Proved Undeveloped – but may be, or could become, prospective for horizontal
Wolfcamp
 Projected Monthly Cash Flow from Existing wells for the remainder of 2018 is $23,770
 Half‐life of PDP reserves 7.5 years
 Production ‐ currently projected at 16 BOPD, 192 MCFPD, or 26 net boepd from 26 wells
 Holds 7,600 acres of HBP acreage
 Numerous upside opportunities, particularly behind‐pipe Wolfcamp
 Very low cost / low maintenance properties

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