United States】 Quality】US Oil & Gas Assets

Global Market 2018-01-11


The properties consist of 65,060 gross acres (51,035 net acres) -100% HBP across Bowman, Divide, McKenzie & Williams Cos., ND and Dawson, Richland, Roosevelt & Sheridan Cos., MT. There are total of 111-Operated wells including 5-SWDs, 57 Non-Operated wells & 11-wells with ORRI. Average operated ownership interest is 87.5% WI & 70.5% NRI. Average non-operated ownership is 14.6% WI & 12.5% NRI. 

Significant horizontal potential exists on the properties through 12 behind-pipe recompletion candidatess & 35-viable Madison Group PUD locations. Fresh-water cleanouts provide opportunities to enhance/increase production. An anticipated 560 BOPD can be added through $720,000 of immediate workovers available. Currently, Samson is seeing a 300% IRR for PUD locations with a low cost $375,000 laterals. There is 6,774 MBOE in Total Net Proved reserves with additional Probable reserves through 10-Nesson locations available. 

Asset   Highlights
-- 65,060 Gross Acres. 51,305   Net Acres (100% HBP)
-- 111-Operated wells: 836   BOPD Net 2017
-- Well established, low   decline production
-- Average Operated 87.5% WI   & 70.5% NRI 
-- 57 Non-operated wells: 109   BOPD Net (27-producing)
-- Average Non-Operated 14.6%   WI & 12.5% NRI
-- Operated Infrastructure:   5-SWD Wells
-- Includes ORRI in 11-Wells   ranging from 0.01-1.97% ORRI: 64 BOPD Gross 

Upside Potential
-- Enhance/increase   production through fresh-water cleanouts
-- $720,000 in workovers to   add 560 BOPD
-- 35-viable Madison Group   (Ratcliffe) PUDs (4,360 ft)
-- 300% IRR PUD locations
-- Low cost $375,000 laterals   from existing wellbores
-- 10-Nesson/Midale probable   locations.

Scheduled Workover &   Infill Drilling Program
-- Well established infill   Madison analogs
-- One of few remaining   Madison infill programs
-- Madison Group/Red River   IP’s comparable to Bakken completions

Disclaimer: The above content was edited by Energy China Forum (www.energychinaforum.com), please contact ECF before reproduce.

Contact Email or Phone Number

Contact Name:Jeffrey Jiang   Contact Information:0086-21-31159336

Company:Energy China Forum

Please leave your comment


Please leave your comment