Undisclosed

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
MM
Description

Riviera-Ensley Energy Advisors has been retained to sell non-operated interest in on producing oil and gas properties in Wharton County, Texas.

The assets are on 704 gross acres, all of which are held by production. The working interest is 40% and net revenue interest is 30%.

The properties produced a total of 87 barrels of oil per day and 3.9 million cubic feet (MMcf) per day of natural gas (8/8ths), from March through August. Net cash flows from the property averaged $181,000 per month from March through August.

The online data room is open from Oct. 31 through Nov. 29. Offers for the assets are due no later than Nov. 29. The effective date for the transaction is Dec. 1 and then closing is Dec. 20.

For additional information, contact Todd A. Larsson, operations manager at Riviera-Ensley Energy Advisors, todd@rivieraensley.com or 432-686-9400.