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Energy Spectrum Advisors To Divest Permian Basin Props

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September 12, 2012

Burk Royalty Co., Ltd. has retained Energy Spectrum Advisors Inc. to sell certain operated oil properties in the Permian Basin. The properties are located in the World Field in northern Crockett County, Texas.

The package includes ownership in 65 producing wells with a 100% working interest (approximately 80% net revenue interest) on 4,632 gross / 4,562 net contiguous acres (100% HBP). Recent net production is 302 barrels of oil per day (100% oil) from the Grayburg formation. The Company owns and is selling leasehold rights down to the deepest producing ...

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