Half Moon Project
The Half Moon Project is located in the northwestern corner of the Delaware Basin adjacent to the NW shelf. It has proven petroleum systems and eight acquisition wells that have produced nearly 3 mmboe from the lease acreage. The acquisition strategically diversifies our business model and provides non-operated production from 8 PDP late life vertical wells located over 3,200 gross (1,310 net) non-operated acres.
Potential hydrocarbons are believed to exist in multiple formations on the acreage and will be evaluated using geologic and engineering analogues. With the potential to grow and further unlock value, we are actively working to expand the project's footprint. Black Mountain believes that significant undeveloped hydrocarbon potential exists in multiple formations which underpinned the rationale of the acquisition.
This acquisition will generate a steady monthly production revenue while we continue to develop our flagship Valhalla natural gas project in the Canning Basin.
Get the latest operational updates on Half Moon