San Juan Basin Horizontal Mancos Oil Project
San Juan Resources has assembled a 25,000-acre Mancos oil horizontal project
with over 250 projected laterals and seeks partners or investor to take to the next level
General Overview:
- Surrounded by 50 MMBO, 250 BCF vertical production
- 25,000 Acres, Federal and Fee (40% fee, 40% HBP)
- 500-950 MBOE EUR per well, strong show wells
- Two Federal Units being formed and APD's are in process
- Very low-cost entry into Project
Size of Prize:
- 250-Mancos 1-mi lats (Mancos C & B)
- NPV15 $698 MM
- ROI 98%, @ 7/2021 strip adjusted to net wellhead pricing
- 72 MMBO; 211,000 MMCF
- $5 MM D&C: 1-mi laterals, long-term drilling program efficiencies of scale
Deal Terms:
- 10% carry in 3 wells earns pro rata share of AMI leasehold
- 36% IRR, 2-year payout, single well economics (promoted)
- Project shovel ready
- 35% committed to project (65% available)
Other key attributes:
- Existing gas gathering infrastructure -take away up to 7 mmcfpd
- Stable New Mexico State regulatory structure due to Permian Basin anchor
- Multiple producing formations-- Dakota--Conv, Unconv (2 zones) Oil, condensate, and Hi Btu Gas AND Pictured Cliffs--Hi Btu Gas
- DJR Energy and Enduring are developing Mancos HZ averaging 8900 and 7500 MBOEPD respectively, EOG has 125-well HZ program nearby
Contact Jerry at jmchugh@sanjuanbasin.com for additional information, access to data room, and presentation.
Click here for slideshow featuring Lindrith Project
