Diamond and Dingus – RI

Lease Details

Package Total

Asset Type	County	State	Acres	Legal Description	Operator	Net Income (16mo)
RI	Noble	OH	6.162 NMA	Sec 15, 16, 21, 22, 23, 28, and 29 08N 07W	Antero Resources	$32,085.31
						$2,005.33 /mo

Diamond 1H

Asset Type	County	State	Lease #	Operator	RI	Gross BOPD (2018)	Gross MCFD (2018)
RI	Noble	OH	OH34121244890000	Antero Resources	0.001595965	4.12	1,322.96

Diamond 2H

Asset Type	County	State	Lease #	Operator	RI	Gross BOPD (2018)	Gross MCFD (2018)
RI	Noble	OH	OH34121244880000	Antero Resources	0.001595965	4.3	1,348.08

Diamond 3H

Asset Type	County	State	Lease #	Operator	RI	Gross BOPD (2018)	Gross MCFD (2018)
RI	Noble	OH	OH34121244880000	Antero Resources	0.001595965	5.68	1,621.29

Dingus Unit 1H,2H,3H

Asset Type	County	State	Lease #	Operator	RI	BOPM	MCFM
RI	Noble	OH	NA	Antero Resources	0.000254965	NA	NA

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.