Offers to sell

Looks like three horizontal wells were drilled in 2019 in 29/32, but not completed. One other was dry. Someone may be coming back in to complete them or do something.Phoenix Capital just did a leaese in 2024, so they are a relatively new player in the space.

I see a new permit by Kraken in 35, so that is probably why you are getting there. You should already be in pay on horizontals there already.

When you have multiple offers, something is usually going on behind the scenes. Personally, I wait to see what develops.

1 Like