Hop-Mar Energy LP, Sydri Energy Investments I Ltd., Woodbine Energy Partners LP, Snyder Energy Investments LP

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

Hop-Mar Energy LP, Sydri Energy Investments I Ltd., Woodbine Energy Partners LP, and Snyder Energy Investments LP have retained EeTradeco LLC and Anderson O&G Inc. to sell certain interests in the Bryan, Texas, area.

The package includes 22,166 gross acres in Brazos, Karnes, Madison, Tyler and Washington counties. Assets include 42 proved developed producing wells (39 operated) and one proved nonproducing well targeting the Austin chalk, Woodbine, Buda and Georgetown formations. Cash flow is approximately $350,000 per month.

Current net production is 220 barrels of oil equivalent per day (75% oil). Total proved reserves are 3.8 million BOE gross (1.15 million BOE net), and an additional 574,000 million BOE gross probable (178,000 BOE net) and 145,000 barrels possible (58,000 BOE net).

Upside includes 10 drilling horizontal locations, seven proved undeveloped locations and three probable locations.

The bid due date is June 10. The effective date is May 1. Closing is expected by July 15. Contact Tom Ervin, 214-363-2401, tervin@eetradeco.com.