Enhanced Energy Partners

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
0MM
Description

Enhanced Energy Partners has retained Burks Oil & Gas Properties to sell certain operated oil and gas assets including drilling prospects in the Dinero area approximately 45 miles northwest of Corpus Christi, Texas. The assets include 77% to 100% working interest (58% to 80% net revenue interest) in approximately 985 gross acres in Live Oak County with 13 producing wells, seven shut-in wells and one saltwater disposal well. Production is approximately 24 barrels of oil per day and 229,000 cubic feet per day. Water production is 56 barrels per day. Proved plus probable reserves are 411 million cubic feet of gas and 210,000 barrels of oil. Net cash flow is approximately $34,400 per month. Upside includes three identified drilling locations. Contact Richard Klauzinski, 281-580-4590, rklauzinski@burksoilandgas.com.