Antares Energy Ltd., Sand Isidro Development Co.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description

Antares Energy Ltd. and Sand Isidro Development Co. have retained Tudor, Pickering, Holt, & Co. to sell leasehold interests in oil window of the Eagle Ford play in northern McMullen County, Texas.

The package includes a 100% working interest (75% net revenue interest) in approximately 25,000 net acres primarily comprised of three contiguous acreage blocks prospective for the Eagle Ford and Olmos formations.

The acreage has been derisked with six active wells. Three wells are producing with average seven-day initial production rates greater than 500 barrels of oil equivalent per day. One well is undergoing fracture stimulation treatment and two are waiting on completion. A seventh well is being drilled.

Bids are due Oct. 21. Contact Danny Rathan, 713-333-7184, drathan@tudorpickering.com.