EnerVest Ltd. is offering certain producing assets in South Texas in a private sale handled by Oil & Gas Asset Clearinghouse LLC.
The offer consists of operated interest in 47 active wells producing from the Navarro Formation in the Charlotte Waterflood Field in Atascosa County, Texas.
Highlights:
- 38 active oil wells;
- Nine active injection wells;
- Gross production of 114 barrels per day (bbl/d) of oil and 120,000 cubic feet per day (cf/d) of gas;
- Net production of 93 bbl/d of oil and 99,000 cf/d of gas;
- 95% gross working interest;
- 81%-84% net revenue interest; and
- Fourth-quarter 2016 average monthly net cash flow of $63,560.
Sealed bids are due April 18. For information visit ogclearinghouse.com or contact Denna Arias, vice president of business development for Clearinghouse, at 832-601-7605.