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Enduro Royalty Trust Message Board

  • alaskaemerson alaskaemerson Oct 16, 2013 10:40 AM Flag

    Pioneer and Wolfcamp/spraberry Largest oilfield in North America

    Ndro has some fields in this area. Does anybody any more?

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    • The reason Enduro rallied so swiftly the last couple of days was the 10/14 SA article. People took notice that Enduro has quite a bit of ownership/revenue interest throughout the Permian especially in the Spraberry/Wolfcamp.

      From the company's website;

      • Permian Basin has enough unrisked upside to more
      than double the reserves in the entire trust
      – Waterflood potential: 6 million BOE
      – CO2 potential: 26 million BOE

    • some more info:

      Opportunity to increase reserves
      • Permian Basin has enough unrisked upside to more
      than double the reserves in the entire trust
      – Waterflood potential: 6 million BOE
      – CO2 potential: 26 million BOE
      • North Louisiana has a large amount of unrisked
      potential: 46 million BOE of upside potential
      • These projects are occurring on our assets right now
      • Higher investment in the Permian Basin has more than
      offset the lower capital in our gas properties
      • More opportunity and a higher yield should lead to
      superior price performance compared to our peers

    • From the company's website:

      NDRO’s ownership in giant fields creates opportunity
      • All units listed below are recognized by the DOE as potential CO2 targets (3)
      The Permian’s mantra, “The best place to find oil is where somebody has already found it”
      ___________________________
      1. Original oil in place is not an indication of the quantity of oil that is likely to be produced, but rather an indication of the estimated size of a reservoir.
      2. Net to the Underlying Properties.
      3. Source: Department of Energy. 2006. “Basin Oriented Strategies for CO2 Enhanced Oil Recovery: Permian Basin”.
      Gross Net
      Original Oil Current Net Original
      in Place Recovery Revenue Oil in Place
      MMBO (1) Factor Interest (2) MMBO (2)
      North Cowden Unit 1,266 21.3% 7.6% 96.2
      North Monument Grayburg Unit 580 26% 9.9% 57.4
      Eunice Monument South Unit A 672 16.4% 8.1% 54.4
      North Central Levelland Unit 142 39.4% 23.3% 33.1
      Yates Field 4,000 30.9% 0.7% 28.0
      South Foster Unit 163 27.6% 11.1% 18.1
      Eunice Monument South Unit B 136 8.8% 11.7% 15.9
      West Spraberry Unit 60 23.3% 19.7% 11.8
      Spraberry Driver Unit 600 14.7% 0.8% 4.8
      Corrigan Cowden Unit 44 40.9% 10.7% 4.7
      Jo‐Mill Unit 326 23.3% 1.1% 3.6
      7,989 26.0% 328.1
      Permian fields often recover in excess of 30% of OOIP with waterflood and an
      additional 8% of OOIP with the injection of CO2 according to the DOE.

 
NDRO
4.84-0.05(-1.02%)Dec 24 2:48 PMEST

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