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

Costa Energy LLC retained Continental Energy Advisors LLC (CEA) for the sale of operated onshore conventional assets along the Texas Gulf Coast.

The assets are located in Jefferson, Liberty, Newton and Orange counties, Texas. The offer includes significant cash flow plus substantial proved developed producing, proved developed non-producing (PDNP) and proved undeveloped reserves (PUD), according to CEA which is serving as Costa Energy's exclusive adviser for the transaction.

Highlights:

  • Properties 99% Operated Working Interest
  • Fields all located in close geographic proximity for efficient operations
  • Liquids-rich, high-British Thermal Unit gas connected to processed markets; yields premium product pricing
  • Excellent cash flow properties with stacked pays and well-defined PDNP and PUD opportunities
  • Liberty County, Texas
    • Proved reserves (net): 12.97 billion cubic feet (Bcf) of gas and 301,000 barrels of oil
    • Production (net): 2.85 million cubic feet per day (MMcf/d) of gas and 48 barrels per day (bbl/d) of oil
    • Operated: 12 wells; Nonoperated: One well
    • Working Interest ranging from 30% to 70%; 75% Net Revenue Interest
    • Central facility with excellent gathering system
  • Jefferson, Orange and Newton Counties, Texas
    • Proved reserves (net): 3.25 Bcf of gas and 84,000 barrels of oil
    • Production (net): 1.77 MMcf/d of gas and 102 bbl/d of oil
    • Working Interest ranging from 30% to 70%; 75% Net Revenue Interest
    • Operated: Seven wells; One saltwater disposal well
    • Three Tank Batteries and Pipeline

Bids are due by July 25. For information visit continentalenergyadvisors.com or contact David Martin, managing director of CEA, at 832-368-9229 or dmartin@continentalea.com.

Onshore