Shenandoah Resources to sell Permian Basin properties

Shenandoah Resources LLC has retained E-Spectrum Advisors LLC to sell its properties in Garza, Lynn, and Howard counties, Texas. The average operated working interest is 82.5%, and the package includes 7,534 gross/6,438 net acres delivering an average 62% net revenue interest.

The asset comprises 54 wells producing approximately 619 BOPD and includes seven injection wells and six disposal wells. Average monthly cash flow for the trailing six months was approximately $500,000.

Multiple project areas include an extensive inventory of low-cost reentries and new drill opportunities. Net proved reserves are 3.6 million barrels of oil (BO) with a PV-10 value of $73.9 million.

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