The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Conquistador et al retained EnergyNet for the sale of oil and gas nonoperated working interest located in Webb County, Texas, through a sealed-bid offering closing Sept. 9. The assets offer an opportunity to acquire about 1,507 acres in the core of the Austin Chalk.


  • Nonoperated working interest in seven horizontal wells targeting the core of South Texas Austin Chalk's highest quality reservoir (6 wells landing in bench C1, 1 well in bench D) in the western condensate window:
    • 7.17% to 4.55% working interest / 5.32% to 3.38% net revenue interest
    • Operator: SM Energy
  • Current 8/8ths Production: 7,318 bbl/d of oil and 25,027 Mcf/d (includes volumes from six new wells)
  • Six wells flowing back, with peak rates expected in the next 30 days
  • Three-month Average Net Cash Flow: $94,792 (March to May 2021 from 1009H well only, with six Briscoe wells estimated to reach payout status starting September 2021)
  • Next 12-month estimated total cash flow $4.3 million
  • Exceptional well performance in the Chalk C with EUR's ranging from 150 to 244 boe/ft
  • Exposure to best-in-class operator focusing significant horizontal activity on seller's footprint
  • Potential upside for buyer
    • Should down spacing occur
    • Should additional wells be drilled targeting the Chalk C bench above the Chalk D bench well unit
  • Seller is conveying a lease of its minerals along with its WI rights to the seven Austin Chalk wells to buyer; seller's interest stems from its unleased mineral interest under approximately 42,000 contiguous gross acres
EnergyNet Marketed Map - Austin Chalk Opportunity Webb County Texas

Bids are due by 4 p.m. CST Sept. 9. For complete due diligence information on any of the packages visit or email Cody Felton, vice president of business development, at, or Denna Arias, vice president of corporate development, at