orogrande basin value per acre

5,000- and 10,000-foot laterals can be drilled. What may be unexpected is how those valuations have changed relative to prices or even other companies that are operating in different basins. Found inside – Page 307The profits for February recently purchased 500 acres of coal land adjoining ... in the basin of the Con- been sold in London , to secure working capital . Torchlight again has a 12.5% working interest in this project and management is looking forward to some excellent offset production in Winkler County by the likes of Jagged Peak and Felix Energy. Found inside – Page 78The company's holdings contain about 140 acres , all claims adjoining . ... Just east of Wickenburg the Oro Grande people are continuing development on an ... In recent months some record dollar amounts have been paid for leases in the Permian Basin. Found inside – Page 567A Manual of the Copper Industry of the World. ... area 340 acres , also 40 - acre millsite , in the Ellsworth and Copper Basin ... ORO GRANDE MINES CO . Oil & Gas Firm Reports Q3 Operational, Financial Results Source: Streetwise Reports (11/16/2020). She or members of her household are paid by the following companies mentioned in this article: None. Although the merger and acquisition market is likely to reveal limited information, it doesn’t mean that there are no transactions. B. As of the end of the first quarter, while WTI oil prices per barrel dropped from $61 to $21 or a 66% decline, price per flowing barrel fell only 47% in Mercer Capital’s group indicating that enterprise and asset values were more resilient than short term price fluctuations. "We believe numerous major oil companies and large capitalization E&P companies will express interest," he added. However, I note in this instance that first quarter 2020 earnings have not been released yet, so trailing cash flow metric indications are not concurrent. Torchlight is prepping to frac its University Founders A25 #1H well in the Orogrande project. We private zero shares of Torchlight Energy Resources, Inc. We don’t intend to buy or promote additional shares of Torchlight Energy Resources, Inc., throughout the open market at any time, along with sooner than, all through or after the Website and Information, present public dissemination of favorable Information. Find Land Professionals in your area. Torchlight and Metamaterial's current share prices suggest an implied value of $1,000 per net acre for the Orogrande Basin assets. Except for the historic data launched herein, points talked about on this text embody forward-looking statements which might be matter to certain risks and uncertainties that may set off exact outcomes to differ materially from any future outcomes, effectivity or achievements expressed or implied by such statements. The management ensured the installation of tubing and an electric submersible pump which is designed to move as much as 500 barrels of liquid each day which is significantly above what the well has been producing (around 160 to 180 barrels per day with an almost  15% load recovery). 4) The article does not constitute investment advice. Texas Oil & Gas Company in Orogrande Basin Looks to Sell or Partner, Torchlight Energy Resources Inc. (TRCH:NASDAQ), Want to be the first to know about interesting. Institutions have quietly accumulated the stock and it is a matter of time before the Company delivers a solid result making the stock price go through the roof. It’s also notable that debt ratios for most companies were between 30% - 40%, a reasonable historical range. There is a clear disconnect between PV-10 figures and the GAAP driven Standardized Measure figure compared to market values at present. Has House? Found inside – Page 36These streams head on the western side of the than offset the ... the value of the copper , amounting recent years operations have been confined almost ento ... Found inside – Page 254Later the Wyoming and and a half miles northeast of Carr's ranch , in value per car samples $ 25.67 per ton . heaviest in mineral they had in the ore bin . Although this is not an apple to apple basin analogy, the contrast is stark. This project has a high proximity to field services as well as oil and gas pipelines, and Torchlight has a higher working interest of around 80%. The reason they cited is that "positive drilling and testing results to date warrant this move," White noted. 8 talking about this. Found inside – Page 47This new shaft will cut the ore body 380 feet below the present tunnel level from which over $ 200,000 worth of ore has been produced from one vein . Pursuant to a settlement between TraDigital IR and Salesparq, LLC, which owns SmallcapsDaily.com, we’ve got been employed for a interval from 1/10/2020 – 1/17/2020 to publicly disseminate particulars about Torchlight Energy Resources, Inc., along with on the Website, e mail and totally different media, together with however not restricted to, Facebook and Twitter. More:Heinrich seeks federal funds for states in transition away from oil and gas reliance Grove Inc (GRVI): Untouchable Leader Within the CBD-Based Industry? Secondary rationale is that tomorrow’s production, i.e. New research by Water in the West shows that groundwater recharge is a cheaper alternative to surface storage. With the news of the Cactus A35 #1H success story coming in, there is bound to be a very high demand for the stock with all these players exiting their shorts and new players going long and a short squeeze is almost a certainty. An all-stock deal for $49.30 per share (total equity value of $9.7 billion) and a total enterprise value of $13.3 billion. However, in recent years depending on those factors, many deals traded around $8,000 to $12,000 per acre. In the Permian Basin, a prospect is to be drilled soon in the lightly explored Orogrande Basin. What’s also notable is that these costs are much lower than they were just a few years ago for U.S. shale producers, but still aren’t low enough. Drilling rights in the Permian Basin of West Texas and New Mexico averaged about $24,000 an acre in recent deals, down 67% from 2018, according to Rystad Energy, an Oslo-based research firm. 1.06V: 0.25 acre retention basin (23,300 cubic feet) U SWRPC, 1991 0.43V: 1.0 acre retention basin (148,000 cubic feet) 0.33V: 3.0 acre retention basin (547,000 cubic feet) 0.31V: 5.0 acre retention basin (952,000 cubic feet) Notes V refers to the total basin volume in cubic feet View 63 homes for sale in Tularosa, NM at a median listing price of $184,450. The question is – how realistic and pragmatic is that option? Many small producers can’t hang on much longer. The Upper Pennsylvanian Silt (WolfPenn), a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. Within the last twelve months, ROTH has managed or co-managed a public offering for Torchlight Energy Resources, Inc. ROTH Capital Partners, LLC expects to receive or intends to seek compensation for investment banking or other business relationships with the covered companies mentioned in this report in the next three months. Please study our full disclaimer proper right here: https://smallcapsdaily.com/disclaimer/. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. The reasons for this are multifold. University Lands has done an excellent job administering the asset over the years. Within Radius. Prime development opportunity in Saratoga. Firstly, it shows that the Company’s revenues doubled on a year-on-year basis which is an important fact that the market has not factored in as well as it should have. The stimulation procedure, being carried out at Torchlight Energy Resources' Hazel asset, will take about one week to complete. Not surprisingly, most potential or actual sellers of upstream assets and companies are praying that they don’t have to find out. Its notable that general North American and basin-focused companies typically traded at a relative discount to global companies with one key exception – Permian focused companies. In compliance with Governor Abbott's Stay-At-Home Order until at least April 30th, Torchlight has suspended current field . See pricing and listing details of Sylmar real estate for sale. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Such efforts by the management to improve the efficiency of extraction will go a long way in reducing the indirect costs and improving the profitability and shareholder value in the long term. Found insideThis is an unrestricted competitive requirement ( SIC 4953 ) ( 1-020 SN289539 ) U.S. Army Corps Of Engineers , Fort Worth District , P.O. Box 17300 ... An important aspect in these valuations are the underlying reserves, i.e. "The conversion correlates to approximately $1100 an acre on the 134,000-acre play. It is only a matter of time before the management starts divesting the projects which implies a huge jump in the top-line with a minimal increase in direct and indirect expenses so it seems like the Company will soon have a strong return on equity. This Basin has nearly 160 sections. Those include public valuations, reserve metrics, production metrics, and cash flow metrics. Found inside – Page 317The vein is said to be about 6 ft . in width , carrying about $ 75 value . ... This district is located south of Yellow Pine basin . Shoshoni County . Through these lenses, I address industry developments, economic trends, and the impact on valuation for companies operating in the Permian, Eagle Ford, Bakken, and Marcellus & Utica regions, among others. Founded by the same team that brought you Streetwise Reports. Found inside – Page 535It is stated that $ 125 ,000 worth of ore has been blocked out in this mine . ... Six thousand acres of land in Sutter basin have been bonded for dredging ... The Company has recently been in the news for striking oil in its largest project in Orogrande and the potential amount of the oil extracted could be as much as 3.678 billion barrels. Torchlight Energy signed a deal with the University of Texas on the 172,000-acre Orogrande Basin in September of 2014. But the best deals are found at the bottom when even angels fear to tread and don't even think about investing. Emerging Plays. Found inside – Page 88Wheat yields from 30 to 60 bushels per acre , oats 40 to 90 bushels per acre ... for the mines of Newsome , Elk City , Orogrande , Buffalo Hump and Dixie . Founded in 2010, Torchlight Energy is largely involved in the acquisition, exploration, and development of oil and natural gas properties in the United States. Mercer Capital follows several valuation related data points, but some key ones include enterprise value per flowing barrel which shows a company’s publicly traded enterprise value relative to its daily production. Found inside – Page 5Area , 86,291 sq . m . , or 55,228,160 acres . I. lies within the basin of the Columbia River , being principally drained by the Lewis Fork ( otherwise ... that 4,000 acre-feet per year of SWP water was artificially recharged at Manzanita and Oro Grande Washes (a total of 8,000 acre-feet per year) in the Alto model subarea. Found inside – Page 28The ore has an average value of $ 10 a ton , which gives the lessees a ... with a stronger foundation to hold out , is on from Orogrande to the Four Mile ... All Rights Reserved, This is a BETA experience. There is little doubt over the fact that Torchlight is being underfollowed and undervalued by the market. It is negative as well. Any Yes No . Median results from those groups and from the entire sample as of December 31, 2019. This publication discusses several theoretical aspects important to the understanding, planning and monitoring of AR and ASR schemes and presents a selected number of examples illustrating the usefulness of isotopes and other tracers. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. any of our subscribers information for any reason ever! In the top two areas in which your firm is active: What WTI oil price does your firm need to cover ... [+] operating expenses for existing wells? Found inside – Page 667type is nearly continuous along the south side of the area . ... adjoining Oro Grande consist of stony old valley - filling deposits which have been partly ... Found inside – Page 341cases cars new depth , demonstrating the value of the territory . ... from the Salmon river to Basin , Idaho , and will run within few miles of Contact . Date announced Permian deal Value per acre (USD) Thus, we may not even be at the nadir of the market shock. The company has received a $500,000 non-refundable deposit and had received $5.5 million in non-refundable deposits, or 17% of the original purchase . This dynamic has been exacerbated by the market’s focus on cash flows in priority to reserves in recent years. In the Permian . By subscribing you agree we can send you via email our free e-newsletter on stock market & finance related, articles, news and trade alerts. The obvious rationale is that the value of today’s production could fetch the lowest relative prices seen in decades. When complete, the project will recharge up to 8,000 acre-feet per year to support groundwater in the western part of the Alto Subarea. Additionally, TRCH controls approximately 1,100 gross acres in the Delaware Basin, in Winkler County, West Texas. Rising activity has pushed up prices. The company has received a $500,000 non-refundable deposit and had received $5.5 million in non-refundable deposits, or 17% of the original purchase . Found inside – Page 1028Parker hospital will soon be finished at cost of $ 58,000 . ... company disposes of holdings in Burro Mountain District , aggregating nearly 2,600 acres . In the case of Torchlight, despite having a float of 53.91 million shares, its daily volume is relatively low at around 170,000. Upstream prices are holding up much better than forward month oil futures. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. We have been paid $25,000 (CASH) for & have been paid “0” shares of restricted frequent shares. Additionally, I cover these issues as they pertain to mineral rights and royalty owners. All initial tests were performed by third parties, including Halliburton for most log suites and SCAL for sidewall core test and . We feel that the conversion sets a benchmark for the Orogrande which recent developments continue to improve upon. I address valuation and economic trends in the oil and gas industry. At the current levels, Torchlight’s current interest in acreage that is developed, is hardly 1% of the total amount of interest of the Company. Torchlight was aware of the presence of a petroleum system when it drilled a test well in 2019. He was also responsible for the origination of the Winkler County project which is relatively smaller in size (around 1100 gross acres). PLANO, TX / ACCESSWIRE / May 21, 2019 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today provided an update regarding the Company's process addressing acquisition interest from industry majors in its Orogrande Basin Project. This past week there have been three transactions announced across the SCOOP-STACK area of Oklahoma, the Permian Basin in West Texas and New Mexico, and the Barnett Shale area in North Texas with some revealing financial disclosures. Even with today’s bloodbath, the valuation metrics from March 31st appear to be holding. shelf of the Tobosa Basin in southeastern New Mexico. Value per acre is another metric that ranges based on numerous factors. I am a Senior Vice President at Mercer Capital with more than 20 years of oil and gas industry and valuation experience both in the U.S. and internationally. In April 2020, REI announced that it had entered into a purchase and sale agreement on its Delaware Basin Acreage consisting of approximately 20,000 net acres with a sale price of $31.5 million. We’ll see. Fri, 01/09/2015 - 05:07 PM. Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well Source: Streetwise Reports (11/11/2020). Torchlight used 3,000 pounds per foot of sand instead of the 2,000 pounds per foot used on the Founders A25 #1H gas well. That was not a typo. The principal on this is $50K which is just $238 per acre! Keyword Property ID. Get the Latest Investment Ideas Delivered Straight to Your Inbox. Found inside – Page 4Dona Ana - Orogrande Range Complex : The City of Las Cruces has expressed a ... and about 500 acres located in the desert basin portion of McGregor Range ... The table below shows the median results from those groups and from the entire sample. Even with Saudi estimations of a 20-million-barrel supply cut, times are tumultuous for the oil and gas industry. Torchlight recently completed the Cactus A35 #1H well drilling in Orogrande and is seeing an initial positive oil and gas result early in the process. Found inside – Page 1-267Public Hearing - January 9 , 2001 a number of 1.5 billion barrels of oil , and 10 PCF that could be in the Orogrande Basin . 3 Now the current value for ... Found inside – Page 215Capital : 5,000,000 shares ; par value 10c ; all shares issued . Property : 12 interest in Umatilla Group lode claims , Orogrande dist .; Orogrande . Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021. Opinions expressed by Forbes Contributors are their own.

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