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 Atascosa County, Texas, near Pleasanton. The assets include from 67.5% to 92.5% working interest (50.6% to 75.4% net revenue interest) on 1,299 gross acres with two producing oil wells, three shut-in wells with workover potential and two active saltwater-disposal wells. Net production is 22 barrels of oil and 27,000 cubic feet of gas per day. Net proved reserves are 252,000 barrels of oil and 152 million cubic feet of gas. Estimated net cash flow is approximately $12,000 per month. Upside includes four identified drilling locations. Contact Richard Klauzinski, 281-580-4590, rklauzinski@burksoilandgas.com.