The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Strand Energy LC retained Oil & Gas Asset Clearinghouse LLC to sell operated Eagle Ford Shale properties within the Brisco Ranch Field in Zavala County, Texas, as part of a sealed-bid offering.
Property Highlights:
- 11 operated wells
- Working interest 77.5%-100% and NRI 58%-74.1%
- Net production ~146 bbl/d of oil
- July 2018 projected net cash flow $254,000
- 4,775 gross acres and 4,660 net acres HBP, additional 1,307 acres in primary term
- Minimum of 9 horizontal infill locations
- Minimum of 8 development locations on primary term leasehold
Bids are due Aug. 14. Clearinghouse is the exclusive technical, marketing and transaction adviser for the sale. For information visit ogclearinghouse.com or contact Patrick DaPra, vice president of negotiated transactions for Clearinghouse, at pdapra@ogclearinghouse.com or 832-601-7655.
Recommended Reading
Analyst: Exxon Mobil, Pioneer Deal Close Likely ‘Imminent’
2024-05-01 - With approval from the Federal Trade Commission, Exxon Mobil could close its $59.5 million acquisition of Pioneer Natural Resources after more than six months of review.
Oil, Gas Production Fee Set to Hit Colorado Producers
2024-05-01 - The deal reached this week will eliminate several proposed ballot measures targeting the fossil fuel industry ahead of this year's election, including one that would have halted drilling in summer months.
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
2024-04-25 - Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
US Interior Department Releases Offshore Wind Lease Schedule
2024-04-24 - The U.S. Interior Department’s schedule includes up to a dozen lease sales through 2028 for offshore wind, compared to three for oil and gas lease sales through 2029.
Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal
2024-04-24 - More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.