The following information is provided by PLS Energy Advisors Group. All inquiries on the following listings should be directed to PLS. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
PLS Energy Advisors Group has been retained by Viceroy Petroleum LP to market its operated Austin Chalk and Eagle Ford asset located in Gonzales County, Texas. The opportunity consists of one producing horizontal Austin Chalk well and 10 horizontal PUD locations spanning a 598-Net Acre lease in which Viceroy has a 100% operated WI and 75% NRI. The asset is currently producing 1.5 bbl/d (100% oil) net to Viceroy's interest. Depth rights on the lease are down to 9,068 ft, which includes Austin Chalk and a portion of Eagle Ford interval.
Opportunity Highlights:
- 1-HZ Well. 598-Net Acres (100% HBP);
- Horizontal development;
- Eagle Ford, Austin Chalk and Above Depths;
- 6-Eagle Ford, 4-Austin Chalk PUDs;
- 5 Locations To Be Drilled From Existing Pad;
- 100% Operated WI; 75% NRI; and
- Minimal Oil Production.
Horizontal Development Upside:
- 10 horizontal drilling locations have been identified on the lease using 330 ft (40 acre) wine rack spacing;
- 9 Locations are ~5,500 ft laterals and 1 location is a ~3,500 ft lateral;
- 5 Locations can be pad drilled from an existing pad;
- 4 Austin Chalk PUDs at $3.5-$5.5 MM per well; and
- 6 Eagle Ford PUDs at $7.0 MM per well.
For more information visit PLS Energy Advisors Group or contact Rich Martin, Vice President-A&D, at 817-312-1508.
Recommended Reading
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
2024-02-06 - Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.