WALNUT BEND FIELD
SLTN Sydri Cooke County Texas #1, LP
Walnut Bend Field Project
SLTN Sydri Cooke County Texas #1, LP includes approximately 9.78% Working Interest in 151 active oil wells with SLTN Warrant coverage.
A Maximum of twenty (20) Partnership Units
Totaling a Maximum of $4,000,000 in Partnership Interest
Each Partnership Unit ($200,000) represents:
.489% Working Interest
and
200,000 SLTN Warrants priced @ .25 for 3 Year Term
This offering is issued in accordance with
SLTN Cooke County #1, LP
CIK # 0001966426 SEC Form D Filing
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WALNUT BEND FIELD
The SLTN Sydri Cooke County Texas #1, LP In December 2024, SLTN Exploration LLC entered into a participation agreement with 3 Point Oil and Gas the owner of approximately 21.75% interest in the Walnut Bend Field. The SLTN Sydri Cooke County Texas #1 LP is raising funds to complete the acquisition of approximately 9.78% interest.
The Walnut Bend Field, located in north central Cooke County, Texas, was first discovered in 1938 by Sinclair Oil and Gas Company. Over the years, various operators have managed the field, including Arco, Vastar, Gruy, and Magnum Hunter. Significant developments include the initiation of water injection in the Winger Sand in 1948, the formation of Unit #1 in 1961 for field-wide flooding, and Unit #2 in 1963 for multiple sands flooding. The field changed hands several times, with Merit Energy purchasing it in 2013, followed by Team Operating in 2020, and Sydri Operating in 2021. Currently, the field produces approximately 430 barrels of oil per day (BOPD) and has 151 active wells (117 producers and 34 injectors) along with 160 inactive wells.
Walnut Bend Field Well Map and Current Production Plot
Please find the oil and gas cash flow summary by reserve category for Walnut Bend Field on NYMEX Strip Price with effective date of 1/1/2025 . By Reserve Manager Analyst and Economic Evaluation Specialist, Kerensa Naghshbandi, 3 Point Oil and Gas.
View the Latest Report as of 10/21/2024
The field operates at depths of approximately 2,500 to 5,500 feet, with a modest decline rate of three to four percent per year. It primarily produces from the Strawn formation. Walnut bend asset Gross plot with PDP forecast and Total Proved forecast.
2023 and 2024 LOE (Lease Operating Expenses)
Additional upside oil and gas production for the Walnut Bend Field… The Walnut Bend Field cash flow runs have 5 PDNP’s that make up the PDNP value. Below is a breakdown PDNP projects with estimated cost and upside. Walnut Bend Field PDNP Project List
The upside of these PDNP’s are not included in our PDP run. We are estimating if successful we should add at least 40 BOPD which should start being realized in the first quarter of 2025. The cost to complete these projects will be paid for through a severance tax exemption.
This section contains the complete package of legal documents for the partnership being presented. For convenience these documents are available to view, print or download. Ease of access to these documents is intended to provide full disclosure and transparency without collecting any of your personal or financial information.
For questions or assistance call (469) 259-2248
