Investment Highlights
Oil-weighted, high-margin production
- Net production of 1.27 MBoe/d (79% oil) with a PDP PV10 of $60MM
- NTM PDP cash flow of ~$19MM
De-risked, drill-ready inventory in the Lower Spraberry through Wolfcamp B
- 4,553 net acres (100% UL) with manageable drilling obligations
- 8 WIPs and 23 new drills – single well PVs >$6MM and IRRs above 65% at $75 flat
Asset positioned for seamless integration
- Infrastructure in place for full field development
- Ability to acquire RPWC – 2 SWD wells with disposal capacity of 41 MBw/d and opportunity to capture 3rd party volumes
Key Dates
- August 6th: Online VDR available
- August 12th: Management presentations begin
- September 10th: Bid date
Please reach out to [email protected] if you have any questions about the process and to schedule a data room presentation.
Opportune Partners LLC, an affiliate of Opportune LLP, is a member of the Opportune Network, and is a member of FINRA and SIPC.
Opportune Partners LLC is not engaged in the practice of public accountancy. Privacy and Business Continuity Plan.