Marketed: South Texas Operated Producing Conventional Properties
Transaction Type
Sellers
Marketers
Basin
Texas Gulf Coast
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description
The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Energy Advisors Group Inc. (EAG) was retained by Welder Reserve Fund I LP to market certain South Texas operated producing properties in Live Oak County. The assets include substantial upside opportunities, solid cash flow and midstream infrastructure.
Highlights:
- South Texas Assets For Sale
- 19 wells. 1,117 gross acres. All HBP.
- Lucille, Hockley, Pettus, Yegua
- Live Oak County. Low Risk. Multi-pays.
- 3-D Seismic. Subsurface defined.
- Up to 100% Operated Working Interest; 76%-80% Net Revenue Interest
- Net Production: 85 barrels per day of Oil and 313,000 cubic feet per day of Gas
- Net Cash Flow: $90,000 per Month
- 13 Low-Cost PBP Recompletion Targets
- Three Upside PUD Locations
- PDP Reserves: 300,000 barrels of Oil and 600 million cubic feet of Gas
- PDNP/PBP Reserves: 1.5 million barrels of Oil and 1.08 billion cubic feet of Gas
- Midstream Infrastructure In Place
- Contact EAG For Access To Virtual Data Room
Click here to view the online data room or visit energyadvisors.com/deals to view our other 30+ assignments.
For more information, contact Richard Martin, Director with EAG, at rmartin@energyadvisors.com or 217-774-2495.