Grace Petroleum Inc

NEW, Grace Petroleum Inc. has retained Simplex Energy Solutions to sell the Carthage III (Morrow) Waterflood Unit in Texas County in the Oklahoma Panhandle. The package includes 59.6% working interest 46.6% net revenue interest in 2,360 acres. Production is 60 barrels of oil per day (5,000 to 5,500 barrels of water) from average depths of 4,500- to 4,600 feet. Assets include eight active injectors and three water supply wells. Total net income per month averaged $54,429 from February to April. The bid due date is Aug. 21. Contact David Fowler, 432-683-3791.