BTO Venture Puts North Texas Oil Props On Market
October 2, 2012
BTO Venture Inc. has retained Energy Spectrum Advisors Inc. to sell certain operated, long-life oil properties in North Texas. The properties are located in the prolific KMA Oil field in Wichita County, Texas.
The package includes ownership in approximately 170 producing wells with a 100% working interest (approximately 81% net revenue interest) across 2,349 gross/net contiguous acres (100% held by production). Net production is 350 bo/d (100% oil) from shallow sands ranging from 200 – 4500 ft.
Net operating cash flow has averaged approximately $790,000 per month. The sale also ...
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