Marketed: Hoya Energy East Texas Operated Dry Gas Assets

Transaction Type
Sellers
Marketers
Basin
East Texas
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Hoya Energy retained PetroDivest Advisors to market for sale an East Texas operated dry gas opportunity that includes certain of its oil and gas leasehold, producing properties and related assets in Limestone County, Texas.

The assets offer an attractive opportunity, PetroDivest said, to acquire consistent, low-decline production of about 2,500 Mcf/d, roughly 100% dry gas, with meaningful net cash flow of $5 million, enabled by low lifting costs and a proven chemical, workover and return-to-production (RTP) program set to enhance and maintain production.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on May 18
  • Bids are due on June 22

For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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