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Arrow Oil & Gas TX Panhandle Sale

TX Panhandle Prod & Leasehold

Effective date of the transaction
02/01/2019
Data Room Opens
02/08/2019
Bids Due
Closing Date
Virtual Data Room

Description

Existing Production

 

· 100% WI,  75% NRI

· 14 Producing Wells, 3 Inj. Wells

· 2018 Avg Production of ~90 BOE/d

· 2018 Net Cashflow ~295,000

· Lease Provisions require 2 wells/year for entire block

 

Details

Potential Horizontal development

 

· ~56,000 Net Acres

· ~78 Sq Miles of 3D Seismic Available

· Additional 2D Seismic Available

· Le Norman Energy, Valpoint targeting Canyon Lime in Potter & Oldham County