Texas Oil & Gas Production Asset for Sale

This listing presents a substantial Oil & Gas production asset located in Texas. The asset encompasses approximately 33,000 net rural acres with high working and net revenue interests. A significant portion, around 15,000 acres, are Held By Production (HBP) with minimal future development obligations extending into 2025/26. The current net production is approximately 2,000 barrels of oil equivalent per day (BOEPD), with 76% of this production being oil, primarily from the Codell and Niobrara formations. The asset boasts a strong valuation, with over $75 million in Proved Developed Producing (PDP) PV-10 value and an additional estimated $100+ million in Probable Undeveloped (PUD) value. Operations are supported by 18 producing horizontal wells, over 60 permits, and existing drill-ready facilities. The infrastructure includes an owned and operated gas gathering system and ample oil takeaway capacity. The listing highlights high cash margins with minimal oil and gas deducts.