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On the Market: Permian Basin : Apache Selling 31,198 Net Acres,Upton, Crane; Shell Selling 22,396 Net Acres In Pecos County

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On the Market: Permian Basin : Apache Selling 31,198 Net Acres,Upton, Crane; Shell Selling 22,396 Net Acres In Pecos County
Apache Corporation - Permian Basin Leasehold (31,198.30 Gross / Net Acres) - Crane and Upton Counties, Texas

Highlights:

31,198.30 Gross / Net Leasehold Acres

Cowden Lease - Crane County 100% GWI / 75% NRI 7,568.30 Open Acres; All Depths Primary Term Expires December 1, 2015 120 Day Continuous Development Clause King Lease - Crane and Upton Counties 100% GWI / 74% NRI 10,970.00 Acres Open as to Shallow Rights 12,660.00 Acres Open as to Deep Rights Shallow Rights: Surface to Top of Glorietta Formation; 100 Day Continuous Development Clause Deep Rights: Depths Below Top of Glorietta Formation; 140 Day Continuous Development Clause Must Spud a Deep and Shallow Well by January 11, 2016 to Hold All Depths

View here: http://www.energynet.com/property_information.pl?lot=34010

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