Lease Details

Package Total

Asset TypeCountyStateAcresLegal DescriptionOperatorNet Income (16mo)
RINobleOH6.162 NMA Sec 15, 16, 21, 22, 23, 28, and 29 08N 07W Antero Resources$32,085.31
$2,005.33 /mo

Diamond 1H

Asset TypeCountyStateLease #OperatorRIGross BOPD (2018)Gross MCFD (2018)
RINobleOHOH34121244890000 Antero Resources 0.0015959654.121,322.96

Diamond 2H

Asset TypeCountyStateLease #OperatorRIGross BOPD (2018) Gross MCFD (2018)
RINobleOH OH34121244880000 Antero Resources 0.001595965 4.31,348.08

Diamond 3H

Asset TypeCountyStateLease #OperatorRIGross BOPD (2018) Gross MCFD (2018)
RINobleOH OH34121244880000 Antero Resources 0.001595965 5.681,621.29

Dingus Unit 1H,2H,3H

Asset TypeCountyStateLease #OperatorRIBOPMMCFM
RINobleOH NAAntero Resources0.000254965NANA

Seller Comments

Buyer will have option to double this lot

This asset is located in one of the most prolific townships in the southern core of the Utica Shale with EUR’s in excess of 25 Bcfe per well.

The Dingus wells, 1H,2H,3H are newly drilled wells.  The production started in January and the wells have been consistently strong just like the Diamond Unit has.  

The three original producing Horizontal Utica Shale wells have very strong and flat production.

The three new wells recently drilled show promise of being very good and steady producers as well.

Revenue stream comprised of a strong combination of Natural Gas, Condensate and Natural Gas Liquids.

UPSIDE POTENTIAL:

-Tighter spacing currently being tested by Operator which could significantly increase the well count.

-Marcellus Shale and other potential Horizontal targets.

Documents

Production and income on the Dingus can be seen on the March and April, 2019 revenue stubs in the data room.

Checks show NGLs as MCF equivalents.

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