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Eagle Oil & Gas Co. is selling its Permian Basin leasehold position covering 50,531.49 gross (43,042.54 net) acres, plus its operated working interest in one horizontal and one saltwater disposal well, all located in Cochran and Hockley counties, Texas.

Property Highlights:

  • 50,531.49 Gross (43,042.54 Net) Leasehold Acres
    • Cochran County - 39,280.90 Gross (33,513.46 Net) Leasehold Acres
    • Hockley County - 11,250.59 Gross (9,529.08 Net) Leasehold Acres
    • 100% of OGLs (delivering 75.00% to 80.25% NRI)
    • Leases Expire from April 2019 through July 2022 (a number of leases have option to extend)
  • Offset Producers:
    • Buckshot Unit - Prac IP 1,344.22 boe | 41.64%
    • Calvin-Starnes Unit - Prac IP 680.28 boe | 71.60%
    • Dean Unit "B" - Prac IP 1,226.16 boe | 100.00%
    • D-L-S (San Andres) Unit - Prac IP 392.50 boe | 87.35%
    • Ropes Canyon Reef Unit - Prac IP 1,548.36 boe | 100.00%
    • South Mallet Unit - Prac IP 290.50 boe | 83.66%
  • Select Area Operators:
    • Apache Corp.
    • Breitburn Operating LP
    • Cimarex Energy Co.
    • Devon Energy Production Co. LP
    • Linn Operating LLC
  • 62 Active Offset Permits
  • Operations in One Horizontal Well and One Saltwater Disposal Well:
    • Angus 53-48 1H | 100.00% WI / 77.583917% NRI (BPO)
    • Angus 53 SWD | 100.00% WI
    • Both Wells Currently Shut-In

Sealed-bid offers are due by 4 p.m. CT May 2 and can be submitted to Michael Baker, Vice President of Business Development, at Michael.Baker@energynet.com. For complete due diligence information visit energynet.com or contact Denna Arias at 281-949-8463 or Denna.Arias@energynet.com.