royalty interest, Eagle Ford, shale, EnergyNet, South Texas, sale, marketed, on the market, DeWitt County, Gonzales County, Karnes County, Devon Energy, EOG Resources, Pioneer Natural Resources, Encana Oil Gas, Austin Chalk, Burlington Resources, Texas Ra

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.