Corlena Oil II to sell Granite Wash properties

Corlena Oil Co. II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Granite Wash play in Roberts County, Texas. The properties are 100% operated and include eight producing wells, two of which are horizontal.

Average trailing 12-month production ending April was 463 BOEPD. The package includes 540 gross/net acres, all of which are held by production.

Net proved reserves are 1,884 million barrels of oil equivalent with a PV-10 value of $23.3 million. Retained acreage depths include from the top of the Kansas City formation to the top of the Morrow formation.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...