Marketed: VirTex Operating Eagle Ford Shale Opportunity

Transaction Type
Sellers
Marketers
Basin
Eagle Ford Shale
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
0MM
Description

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

VirTex Operating Co. Inc. is offering for sale certain operated upstream properties, associated midstream infrastructure and well service assets in the Eagle Ford Shale. The company has retained BOK Financial Securities as their exclusive adviser in connection with the sale.

The offering includes 50,313 net acres in Frio and Atascosa counties, Texas, (86% HBP) with net production of 2,160 boe/d (62% liquids) and a $58 million PDP PV-10. The trailing three-month average operating cash flow is $1.61 million per month.

Process Timeline

  • June 10 – Virtual Data Room Open
  • July 15 – Offers Due

A virtual data room is available. For information, contact Jason Reimbold at jreimbold@bokf.com or Jeff Hawes at jhawes@bokf.com.

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