Davis Family LP

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
0MM
Description

Davis Family LP has retained EeTradeco LLC and Anderson King Energy Advisors to market its non-operated interest the Camrick Area CO2 Properties in Ochiltree County, Texas and Beaver and Texas counties, Oklahoma.

The assets have long-life low-risk stable oil production with proven successful CO2 enhanced oil recovery implementation. Current production from the assets is 1,635 barrels of oil per day, of which 259 barrels per day are net to the seller. Net operating cash flows are about $455,000 per month.

The assets are operated by Chaparral Energy. An engineering report from Ryder Scott Co. LP said the total assets have proven reserves of 1.49 million barrels, nearly 60% of which are proved, producing.

An exact timetable for the bids is not yet established, but is expected to be sometime in mid April. For additional information, contact Tom Ervin at EeTradeco LLC, 214-363-2401, or tervin@eetradeco.com.