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SOLD
Overriding Royalty Interest Jones
County, Texas
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ORRI = 2.734375% |
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$365 Monthly Cash Flow AVG (1/08-7/08) |
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(2) Wells |
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Operated by Continual Oil &
Gas, Inc. |
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Asking Price: $17,000.00 |
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SOLD
Overriding Royalty Interest - Crockett County, Texas
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ORRI = 1.00012% |
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$859 Monthly Cash Flow AVG (2/08-9/08) |
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640-Acre Tract |
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(4) Wells; (1) Main Well w/Flat
Decline |
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Operated by Osborn Heirs Co. |
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Asking Price: $40,000.00 |
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SOLD
Jax
Devonian Unit
Crane County, TX
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100% WI |
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80% (+/-) NRI |
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423 (+/-) Unitized Acres |
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Producing Well |
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6 (+/-) BOPD (8/8ths) |
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Excellent Waterflood
Candidate |
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Third-Party Waterflood
Evaluation |
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CO2 Injection Potential |
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CO2-EOR Feasability Assessment |
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Analogous Waterflood
and CO2 Projects Nearby |
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Water/CO2 Flood Projected
to Produce 668,000 Net Barrels |
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Monthly Net Income =
$12,700 (May '08) |
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SOLD
Eddy Co., NM
Overriding Royalty Interest
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Thirteen (13) Wells |
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0.017885-0.025 ORRI |
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Net Monthly Income
= $2,712.97(12/07-04/08) AVG |
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42 (+/-) BOPD (8/8ths)
(11/07-04/08) AVG |
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SOLD
Operated Properties
Andrews Co., Texas
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(14+/-) BOPD (8/8ths)
(08/2007 - 01/2008) |
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360 Acres |
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100% WI, 80% NRI |
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Net Monthly Operating
Income = $23,300 (+/-) (09/07-02/08) |
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(4) Producers |
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Flat Production |
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SOLD
Re-Completion/
Re-Vitalization Project - Ector County, Texas
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(4) Shut-In Wells-Lease
is Held By Production |
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San Andres (3 Wells)
Cum Prod 102,000 BO+ (1) BCF |
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Grayburg (1 Well) Cumulative
Prod is 4.8 BCF |
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160 Acre Lease / 100%
WI - 75%NRI |
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Equipment in Place |
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SOLD
Spraberry/Wolfcamp Acreage with Production & Operations
– Martin County, Texas
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7,700
Leased Acres |
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Drilling
Potential:
Spraberry
Dean
Wolfcamp |
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(2)
Producing Wells |
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100
BOPD (8/8ths) |
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129
MCFPD (8/8ths) |
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100%
WI |
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80% NRI |
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SOLD
Producing Property:
Borden,
Dawson, Howard and Martin Counties, TX
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27
Wells, 23 Leases |
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Dean
Sand, Spraberry, Penn and Wolfcamp formation
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Recompletion
Potential |
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Additional
Acreage |
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Multiple
Pays |
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(70)
BOPD |
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(84)
MCFPD |
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$64,000
Net/Mo |
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SOLD
Non-Operated Working Interest
Active Drilling Program w/Production
Upton County, Texas
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260
BOPD + 500 MCPFD (8/8ths) (Sept 06)(6 Wells Producing) |
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Projected
Dec ‘06 Prod. = 525 BOPD + 1 MMCFPD |
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2.0%
Working Interest, 1.5% NRI |
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$16,000
Net/Mo Operating Income(Projected Dec 06) |
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(7)
Producing Wells, (2) Wells Waiting on Completion |
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10,200
Gross Acres |
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115
Development Well Drilling Locations |
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SOLD
Royalty Interest
Prolific North Cowden Field
Ector County, Texas
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Long Life Production |
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272,385 BOPM + 117,726 MCFPD (8/8THS) |
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33 BOPM + 11 MCFPM |
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(9) Properties |
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(3) Major Operators |
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$2,000 Net/Mo Operating Income |
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3,151 Gross Acres |
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SOLD
Operated Properties – Eddy County, NM
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(35) BOPD + (50) MCFPD
(8/8ths) |
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$34,000.00
Net Monthly Operating Income |
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(5)
Producers + (1) SWD |
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100%.
WI & 80% Avg. NRI |
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(1)
Drilling Location, PUD |
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SOLD
West
Texas Operated Properties
(Gaines,
Martin & Midland Counties, Texas)
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(21)
Bopd + (47) Mcfpd (8/8ths) |
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$18,500
Net/Mo Avg. Operating Income |
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(4) Producers |
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NRI 80.7% |
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628
Acres |
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75%
to 100% WI & 77 -80% NRI |
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Behind
Pipe Potential Identified (PDNP) |
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SOLD
Operated Properties w/ Development Drilling Potential
Crockett & Reagan Counties, TX
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(72) BOPD & 242 MCFPD |
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100% Working Interest
(Avg), 82% NRI (Avg) |
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$80,160 Net/Mo. Avg Operating
Income (Mar 05 - Dec 05) |
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(49) Producers, (1) Injector
Well |
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Shallow Production -
2,500ft |
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920 Acres |
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(40) 10-Acre Drilling
Locations |
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Waterflood Potential |
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SOLD
Operated Properties
Kimble & Sutton Counties, TX
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Shallow Gas Production
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750 MCFPD & 27 BOPD
(8/8ths) |
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$82,000 Net/Mo Avg Operating
Income |
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(44) Producers |
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15,300 Acres |
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100% Working Interest,
83% NRI (avg) |
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3rd Party Engineering
Report Available |
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(3) - (4) Drilling Locations |
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SOLD
Operated
Properties
Pecos County, Texas
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(2,318) MCFGPD + (104)
BOPD (8/8ths) |
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$525,959 Net/Mo. Avg.
Operating Income (12 months 2/05 – 1/06) |
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(21) Operated Wells
(18 Producers, 3 SWD/Injector Wells) |
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4780 Gross Acres (+/-) |
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87.5 - 100% Working
Interest, 75 - 77% NRI |
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Shallow to Intermediate
Depths 5800 ft. – 7500 ft. |
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(5) to (6) Additional
High Potential Prospects (6500 to 7500 ft deep) |
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120 (+/-) Square Miles
of 3-D Proprietary Seismic Data |
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Workover Potential
* Gas Behind Pipe in (3) Wells
* Clearfork Oil Pay Behind
Pipe in (1) Well: Perf’d & Swabbed (5) BOPD
Rate: Excellent Frac Candidate. |
| Available on
April 10, 2006 |
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SOLD
Operated Property:
Gaines & Andrews County
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5,360 Gross Acres |
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San Andres & Queen
Formations |
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526 BOPD & 265
MCFPD (8/8) |
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(66) Active Wells |
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San Andres PUDs (40
acre) plus |
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20 Acre Potential in
Queen & San Andres |
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Secondary Recovery
Potential |
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Working Interest Varies |
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SOLD
Operated Properties w/Waterflood
Potential Fullerton (Clearfork) Field: Andrews County,
TX
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92.6% Working Interest
, 80.3% NRI |
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(20) Producing Wells |
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(170) BOPD & (167)
MCFPD (8/8ths) |
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Net Operating Income
$86,177/ Mo |
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(13) PUD Locations |
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Estimated Secondary
Reserves (2.5) MMBOE |
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Outside Engineering
Report available |
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SOLD
Operated WI :
Andrews
County, TX
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Significant Secondary
Recovery Potential |
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(25) Producing Wells |
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(650) Bopd, (700) Mcfpd |
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Net Operating Income
$456,300/Mo |
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This $29 million dollar transaction
was completed in 61 days from the date of listing contract!
SOLD
SE New Mexico - Non-Operated
Eddy
County, NM
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(926) BOPD
& (1.6) MMCFPD |
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(21) Producing Wells |
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2.9% WI - 75% NRI |
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Net Income $31,300/mo. |
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Active Drilling Program |
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Some of our other completed successful transactions!
•
Riviera has recently successfully negotiated the Sale for RUWCO Oil
& Gas Corp. Pecos County, TX. 101 BOPD, 2536 MCFPD, $428,736 Net/Mo.
• Riviera has recently successfully negotiated the Sale for
Larron Energy Corp. Farmer Field, Crockett & Reagan Counties,
TX. (72) BOPD, 242 MCFPD, $80,160 Net/Mo.
• Riviera has recently successfully negotiated the Sale of a
Non-Operated Interest, Wolfcamp/Spraberry Field, Upton County, TX.
260 BOPD, 500 MCFPD, 16,000 Net/Mo, 115 Well Drlg. Program.
• Riviera has recently successfully negotiated the Sale for
T. Russel Operating, Inc., Stephens & Shackelford Counties, TX.
(71) BOPD, (1.7) MMCFPD, $343,000 Net/Mo.
• Riviera has recently successfully negotiated the Sale for
Caprock Oil & Gas. Carm-Ann Field, Andrews-Gaines Counties, TX.
526 BOPD, 265 MCFPD, $245,000 Net/Mo.
• Riviera has recently successfully negotiated the Sale for
Discovery Exploration, Trinity Field, Lea County, NM., 1060 BOPD,
2230 MCFPD, $465,000 Net/Mo.
Riviera-Ensley Energy Advisors, An Oil and Gas Property and Prospect Transaction
Advisory Firm, based in Midland/Houston, Texas
copyright © 2010 Riviera-Ensley Energy Advisors. All rights reserved
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