The following information is provided by Energy Advisors Group. All inquiries on the following listings should be directed to Energy Advisors Group. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
The Trustee of El Dorado Gas & Oil and Hugoton Operating LLC has retained Energy Advisors Group for the sale of South Texas assets in the A.W.P (Olmos) field in McMullen County and in the Mecom Ranch lease (Lobo) in Zapata County, through a bankruptcy sale.
Opportunity Highlights:
• Two well-known conventional legacy assets for sale
• A.W.P. (Olmos) in McMullen County, Texas
- Discovered in 1982 by Shell Oil;
- PV10 $30.5 million (86% PDP) as of June 1, 2024;
- Produced over 285 Bcf and 10 MMbbls;
- Significant owned infrastructure; and
- Conventional production, low decline
• Mecom Ranch Lease (Lobo) in Zapata County
- Developed beginning 1975;
- Single Lease, 100% Operated Working Interest;
- 8,200 net contiguous acres;
- PV10 $9.2 million (86% PDP) at June 1, 2024; and
- Significant infrastructure with centralized compression
Pending Court Approval Procedures, bids are due Sept. 9 at 5:00 p.m. CST. For complete due diligence, please visit energyadvisors.com, or email Brian Lidsky, director, at blidsky@energyadvisors.com.
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