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.
Sabine River Energy LLC and Flatonia Energy LLC retained EnergyNet for the sale of an Eagle Ford Shale well package through an auction.
The offering includes working interest in seven producing wells in Atascosa, Frio and Wilson counties in South Texas. Operators include affiliates of Earthstone Energy Inc., Cinco Oil & Gas LLC and Recoil Resources Operating Inc.
Highlights:
- Operated Working Interest in 4 Producing Wells:
- 100.00% WI / 76.230594% to 75.00% NRI
- Operator: Earthstone Operating, LLC
- Nonoperated Working Interest in 3 Producing Wells:
- 50.00% to 33.3334% WI / 37.50% to 25.00% NRI
- Operators: Cinco Oil & Gas LLC and Recoil Resources Operating Inc.
- Six-month Average Net Income: $35,088/Month
- Six-month Average 8/8ths Production: 70 bbl/d of oil and 81 Mcf/d of gas
- Six-month Average Net Production: 33 bbl/d of oil and 49 Mcf/d of gas
- Operator Bond Required
- Lien to be Released at Closing
![EnergyNet Marketed Map - Sabine River Flatonia Energy Eagle Ford Shale Well Package](/sites/default/files/inline-images/EnergyNet%20Marketed%20Map%20-%20Sabine%20River%20Flatonia%20Energy%20Eagle%20Ford%20Shale%20Well%20Package.png)
The auction closes at 1:40 p.m. CDT on June 22. For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
Recommended Reading
Where, When and How to Refrac—Weighing All the Options
2024-07-12 - Experts weigh in on strategic considerations when deciding how to rejuvenate production from a tired well.
E&P Highlights: July 22, 2024
2024-07-22 - Here's a roundup of the latest E&P headlines, with LLOG acquiring 41 blocks in the Gulf of Mexico and Saipem securing $500 million in contracts from Saudi Aramco.
US Drillers Cut Oil, Gas Rigs for First Time in Three weeks
2024-08-02 - The oil and gas rig count, an early indicator of future output, fell by three to 586 in the week to Aug. 2. Baker Hughes said that puts the total rig count down 73, or 11%, below this time last year.
Devon Capitalizing on Bakken, Eagle Ford Refracs
2024-08-07 - Devon Energy’s Delaware Basin production dominated the quarter for the multi-basin E&P, but the company is tapping into recompletion opportunities to supplement production, executives said.
E&P Highlights: July 15, 2024
2024-07-15 - Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.