Marketed: Texas Austin Chalk Opportunity in Burleson and Washington Counties

Transaction Type
Sellers
Marketers
Basin
Austin Chalk
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
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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.

Texas American Resources Co. retained PetroDivest Advisors to market for sale its oil and gas leasehold and mineral interests in Burleson and Washington counties, Texas.

This highly-contiguous development position offers an opportunity to proceed with a vetted five-well Austin Chalk drilling program on about 5,200 net acres, supported by thorough technical backing from geologic and reservoir analysis, according to PetroDivest. Offset Austin Chalk legacy wells were historically understimulated, offering remaining potential as demonstrated by analogous, modern development.

Process Summary:

  • Evaluation materials available via the Virtual Data Room on Aug. 19
  • Proposals due Sept. 16

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

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