The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Editor's note: Bid due date for this listing has been changed to March 17.

New Century Operating LLC retained EnergyNet for the sale of an Eagle Ford / Austin Chalk opportunity. The offering includes certain oil and gas properties and related assets located in Burleson and Lee counties, Texas, owned by New Century Operating.

Highlights:

  • Operations in 11 Wells:
    • Average Working Interest ~100.00% / Average Net Revenue Interest ~76%
    • Eight Producing Wells | Three Shut-In Wells
  • Six-Month Average Net Production: 120 bbl/d of Oil
  • 12-Month Average Net Income: $92,378/Month
  • 8,173.80 Net Acres:
    • 4,991.36 Net HBP Leasehold Acres
    • 3,182.44 Net Non-HBP Leasehold Acres
  • Operator Bond Required
  • Position within the Black Oil Window with High Rock Quality and Oil-in-Place
  • 61% HBP, High Net Revenue Interest, and Ideally Configured for Development
  • Enhanced Completion Designs - Highly Successful
  • Multiple Benches - Eagle Ford and Austin Chalk, and Buda
  • PDP Wells: Six Eagle Ford, One Austin Chalk, One Buda
  • PUD locations: 12 Eagle Ford, Six Austin Chalk, Two Buda
  • Probable Eagle Ford locations: 79 (6,000 ft to 8,500 ft Horizontals)
  • Total Proved Reserves: $55.7 million PV-10:
    • PDP PV-10 = $8.9 million
    • PUD PV-10 = $46.8 million
Marketed: New Century Operating Eagle Ford / Austin Chalk Opportunity Map

Bids are due at 4 p.m. CST March 10. The transaction is expected to have a March 1 effective date.

For complete due diligence information on either package visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.

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