GMY-FW LP, Eagle Mountain Resources LLC

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

GMY-FW LP and Eagle Mountain Resources LLC have retained Energy Spectrum Advisors Inc. to sell certain oil and liquid-rich natural gas nonoperated properties in the Eagle Ford shale trend in Texas.

The package includes an average 3% working interest (2.3% net revenue interest) across 17,916 gross acres (16,662 net) in Gonzales County. The property features 34 producing wells and is operated by Penn Virginia Corp.

Average gross production in January was 7,960 barrels of oil (185 net) and 4.79 million cubic feet of gas (71,000 cubic feet net) for a total 8,760 barrels of oil equivalent per day (207 barrels equivalent net) from 34 wells. Net reserves are 824,000 barrels equivalent (32% proved developed). Projected net operating cash flow for January was $568,000.

The bid due date is March 14. Contact Wood Brookshire, 214-987-6133, wood.brookshire@energyspectrum.com.