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Arrow Oil & Gas, LLC ~56,000 Leasehold Acres

Multi-Zone Potential

Effective date of the transaction
03/01/2018
Data Room Opens
02/21/2018
Bids Due
03/23/2018
Closing Date
Virtual Data Room

Description

Texas Panhandle

Operated Leasehold

Oldham County, Texas

Details

  • Offering 56,000 net acres of leasehold located in Oldham County, Texas
  • Covering lands known as the Alamosa Ranch
  • ~78 Sq Miles of 3D Seismic Available
  • Additional 2D Seismic also Available
  • Excellent Lease Terms
    • Acreage comprised of 3 leases
    • 2 wells/yr required to hold acreage
    • No depth restrictions
  • Canyon Lime & Canyon Granite Wash HZ and Vertical Potential
  • Wolfcamp Horizontal Potential
  • 25% Royalty Burden.

PDP Wells Available 

  • 13 producing wells and 3 injection wells, 1 well currently drilling.
  • PDP cashflow for 2017:  $422,536
  • PDP production avg for 2017:  ~109 BOPD
  • Cumulative production:  ~1.1 MMBO