Chevron Mid-Continent LP

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

Chevron Mid-Continent LP has retained The Oil & Gas Asset Clearinghouse to sell certain operated assets in Texas in a negotiated deal.

The package includes all of Chevron’s interest in 10 producing wells in the 1,508.73-gross-acre Hostetter Field in Duval and McMullen counties. Interest ranges from 16.667% to 100% working interest (up to 96.875% net revenue interest). The assets feature more than 200 gross fee mineral acres with three Wilcox units and two fee properties.

Net production is 89 barrels of oil per month (3 barrels per day) and 18.48 million cubic feet of gas per month (616,117 cubic feet per day). Average net income is $49,257.96 per month.

The bid due date is April 12. The effective date is May 1. Contact Ken Reed, 832-601-7609, kreed@ogclearinghouse.com.