Let's Make A Deal -- Big Bend -- August 24, 2021

Disclaimer:

• in a long note like this, there will be content and typographical errors;
• this is not an investment site;
• this site is for education and entertainment only; no recommendations ever given or implied;
• I am inappropriately exuberant about the Bakken
• if this is of interest to you, go to the source.

Since this is a private deal, we will "never" know the bid / ask, but my hunch:

• a cool one million dollars will be the ask;
• and that may be too low
  
• I have the piece of scratch paper (an old envelope) on which I did the math; will keep it in the archives;
  

From Hart Energy, August 20, 2021.

Private seller offering:

• 80 net mineral acres
• six horizontal wells plus five DUCs
• operated by Slawson
• average monthly income: $14,000
• leased at 20%

From Hart Energy:

From the NDIC:

The wells, most of these wells run south; several run north:

• 35206, 1,627, Slawson, Stallion Federal 1 SLH, Big Bend, t7/19; cum 349K 6/21; most recent month: 11K 6/21;
• 35205, 818, Slawson, Stallion Federal 5 SLTFH, Big Bend, t7/19; cum 238K 6/21; most recent month: 12K 6/21;
• 20203, 833, Slawson, Stallion 2-1-12H, Big Bend, t1/12; cum 544K 6/21; most recent month: 2K 6/21;
• 35204, conf-->loc/PNC, Slawson, Stallion 8-1-12TF2H, Big Bend;
• 20204, 743, Slawson, Zephyr 2-36H, Big Bend, t1/12; cum 261K 6/21; most recent month: 1K 6/21;

 

• 36126, drl/NC-->drl/A, Slawson, Stallion 4-1-12TFH, Big Bend, first production, 10/21; t--; cum 19K 11/21; see this note;
• 37218, drl/NC-->drl/A, Slawson, Zephyr Federal 4-36H, Big Bend, first production, 10/21; t--; cum 42K 11/21;
• 36125, drl/NC-->drl/A, Slawson, Stallion 3-1-12H, Big Bend, first production, 10/21; t--; cum 69K 11/21;
• 36124, drl/NC-->drl/A, Slawson, Stallion 8-1-12TFH, Big Bend, first production, 10/21; t--; cum 48K 11/21;
• 36123, drl/NC-->drl/A, Slawson, Stallion 7-1-12H, Big Bend, first production, 10/21; t--; cum 54K 11/21;
• 36122, drl/NC-->drl/A, Slawson, Stallion 5-1-12TFH, Big Bend, first production, 10/21; t--; cum 30K 11/21;
• 36121, drl/NC-->drl/A, Slawson, Zephyr Federal 3-36H, Big Bend, first production, 10/21; t--; cum 41K 11/21;
  

 

• 18364, 1,526, Slawson, Zephyr 1-36H, Big Bend, t2/10; cum 451K 6/21; most recent month: 1.5K 6/21; see this note;
  
• 18180, 2,561, Slawson, Stallion 1-1-12H, Big Bend, t2/10; cum 548K 6/21; most recent month: 0.5K 6/21 
• 28220, 495, Slawson, Stallion 6-1-12TFH, Big Bend, t12/14; cum 222K 6/21; most recent month: 3K 6/21; 
• 28219, 1,747, Slawson, Sniper Federal 1 SLH, Big Bend, t12/14; cum 372K 6/21; most recent month: 3.3K 6/21; 
• 29151, 215, Slawson, Rainmaker Federal 10-36-25TF2H, Big Bend, t5/15; cum 188K 6/21; most recent month: 2K 6/21;