Rio Oil and Gas II, LLC – 2019 Glasscock County Divestiture

Overview

  • Opportunity to acquire highly economic and contiguous 1,064 net acre (1,645 gross acre) position in the Midland Basin located in west-central Glasscock County, Texas
    • Assets provide high degree of operational control with 98% operated, 74% HBP, and 67% average WI
  • Current net production of ~54 boe/d from ten active vertical wells holds the majority of acreage
  • Proven development opportunities targeting the Lower Spraberry, Wolfcamp A, and WolfcampD formations
  • Active development by Parsley, Oxy, Diamondback, and others highlights robust returns and de-risked drilling locations
  • Continued improvement in well performance driven by completion optimization

Contacts