Royalty interests in 180 Eagle Ford wells are up for sale in two sealed-bid offerings through EnergyNet. The seller information wasn’t disclosed.
The assets are located in DeWitt, Gonzales and Karnes counties in South Texas. Operators include large-cap independents such as Devon Energy Corp. (NYSE: DVN), EOG Resources Inc. (NYSE: EOG) and Pioneer Natural Resources Co. (NYSE: PXD).
Bids are due for both packages at 4 p.m. CT Nov. 15. For information visit energynet.com or contact EnergyNet's Cody Felton at 281-221-3042.
DeWitt and Karnes Package
Highlights:
- Royalty interest of 0.0748%-8.0848% in 99 producing wells;
- 97 horizontal Eagle Ford Shale and two Austin Chalk wells;
- 12-month average net cash flow of $503,335 per month;
- Six-month average 8/8ths production of 11,782 barrels per day (bbl/d) of oil and 20,874 thousand cubic feet per day (Mcf/d); and
- Operators include Burlington Resources O & G Co. LP, Devon Energy Production Co. LP, Encana Oil & Gas (USA) Inc. and EOG Resources Inc.
The Austin Chalk producers consist of the Korth A Unit 7H and Korth A Unit 8H. The wells are operated by Encana Oil & Gas (USA) Inc., Texas Railroad Commission records show.
DeWitt, Gonzales and Karnes Package
Highlights:
- Royalty interest of 0.533831%-2.830796% in 81 producing horizontal Eagle Ford Shale wells;
- Nine-month average net cash flow of $121,490 per month;
- Six-month average 8/8ths production of 5,875 bbl/d of oil and 19,172 Mcf/d; and
- Operators include Devon Energy Production Co. LP; Geosouthern Energy Corp and Pioneer Natural Resources USA Inc.
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