Price per NRA in Eddy County T18S-R28E

Depends where you are. Mewbourne drilled two wells in center of 18s28e (sec 15,16,17) earlier this year. No production info yet. If those work out then its all probably worth a bit more. If you are under those its worth a bit more. The further south you are, its probably worth a bit more. 18s29e has more development activity (drilling and Mewbourne APDs).

Just for the general area, I’d guess a reasonable price is something like $6-7k/NRA. IMO its likely only BS2 and BS3 formations possible, so it can’t be too high end like (way) further south where there are 6+ landing zones.

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