We have 86nma in Midland County, Texas.

$1.3mm is asking.

25.004 NMA situated in 5 contiguous sections in Block 37 T3S of Midland County. The 5 sections make up 5 of the 6 sections comprising Pioneer's "Shackelford" horizontal lease, which is broken down into 3 allocation units (at 1280 acres each). Spreadsheet attached with the tract info, lease info, and info on the horizontals, as well as a map highlighting the position of the 5 sections.

All of the acreage has been HBP by the Shackelford Spraberry Unit for years...there is around 34 vertical wells in production across the leases, along with 4 of the Shackelford horizontals. Income has been averaging around $800/month. There are a handful of vertical wells being drilled on the acreage, but the selling point are the 41 horizontal well exposure. Of those, 4 wells are PDP In-Pay; 6 wells are PDP In-Suspense; 11 wells are Awaiting Completion; and another 20 wells are permitted.

The seller is shooting for the moon with their pricing, asking $17k per acre, however I believe this one can go around $15,000 per acre or best offer.

Posted Aug 31, 2016

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