Marketed: Operated South Texas Assets, Dimmit & Zavala Counties
Transaction Type
Sellers
Marketers
Basin
South Texas
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description
The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Circle Five LLC retained EnergyNet for the sale of operated South Texas assets through an auction closing Aug. 8.
The offer comprises of 100% gross working interest with operations in three producing wells plus HBP leasehold in Dimmit and Zavala counties, Texas.
Highlights:
- 100.00% Working Interest / 73.00% Net Revenue Interest in the Producing Elizabeth #1 and Myrta #1H Wells
- 100.00% Working Interest / 73.80% Net Revenue Interest in the Producing Cenizo-ALC Unit #1H Well
- Six-Month Average 8/8ths Production: 55 barrels per day of Oil and 286,000 cubic feet per day of Gas
- Nine-Month Average Net Cash Flow: $92,687/Month
- Operators: Ageron Energy LLC and U. S. Enercorp Ltd.
- 1,409.00 Gross/Net HBP Leasehold Acres
Bids are due by 2:10 p.m. CDT Aug. 8. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.