Exxon / Cogdell Field / Kent County, Texas
Texaco / Howard Field / Scurry & Garza Counties, Texas
Anadarko / Sharron Ridge Field / Scurry County, Texas
UPRC / Green River Formation / Green River, Wyoming
Sun Oil Company / Howard County Acquisitions, Texas
Bridwell Oil Company / Eastern Shelf Properties, Texas
Retamco / Penn. Play / Nolan & Fisher Counties, Texas
Foree Oil Company / Penn. Play / Runnels, Nolan & Fisher Counties, Texas
Encon Services / City Services / Eastern Shelf, Texas
Rhodes Drilling / Grissom Field & Griffin Ranch / Haskell & Taylor Counties Texas
Polk & Patton / Eastern Shelf Prospects, Texas
Elco Oil & Gas / Pecan Station Field / Tom Green County, Texas
3-M Energy / Permian Basin Projects / Martin, Reagan, Irion Counties, Texas
Barlow & Haun / Wyoming Projects / Green River County, Wyoming
Gillespie Exploration / Canyon Sand Development / Jones County, Texas
EC Tool & Supply / Holley Ellenberger & Strawn Sand Field / Nolan & Fisher

County, Texas
Spalding Energy / San Andres Projects / Scurry County, Texas
Allegro Operating / Eastern Shelf Operations & Acquisitions, Texas
Contour Oil & Gas / Penn. Projects / Callahan & Runnels Counties, Texas
Henley Oil & Gas / Palo Pinto Study / Eastern Shelf, Texas
Mel Richards Oil / Ellenberger Study / Nolan & Fisher Counties, Texas
Harken Oil & Gas / Eastern Shelf Prospects, Texas
Le Clair Operating / Penn Study / Runnels County, Texas 
Solar Exploration / Griffen Ranch Project / Taylor & Coleman Counties, Texas
J&J Services / Penn Study / Runnels, Concho, Tom Green, Menard, Irion &

Schleicher Counties, Texas
Mid-Energy / Williams Ranch Study / Schleicher & Irion Counties, Texas
Capstone Innovations / Wolfcamp & Canyon Sand Play / Schleicher County, Texas
JD Oil & Gas / Hatchell Field Development / Runnels County, Texas
Pearson Siebert / Iatan East Howard Field Area / Howard County, Texas
Paul Barwis / Geophysical Projects / Schleicher County, Texas
Clearfork Operating / Red Cave Gas Project / Baca County, Colorado
Ray Moss & Elizabeth Halliburton / Mineral Appraisal, Revenue in Suspense

Retrieval, Oklahoma & Texas

OPERATOR/WI PARTNER, EAGLE PRODUCTION INC, ABILENE TX

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Divestiture

after 24 months

The sale price is approximated to be five years of cash flow determined by the net monthly cash flow at the time of divestiture times 60 months plus the value of the additional PUD locations.

 

Do the Math

Multiply every 1000 bopd  x 30 days x 0.75 NRI x $85 per bbl. x 60 months = $114,750,000.00 per 1000 bopd, plus the remaining PUD site locations value.