Marketed: Costa Energy Salt Flat Field Legacy Oil Opportunity

Costa Energy LLC retained Detring Energy Advisors for the sale of oil and gas leasehold, producing properties and related assets in the Salt Flat Field in Caldwell County, Texas.

Provided by Detring Energy Advisors

Costa Energy LLC retained Detring Energy Advisors to market for sale its oil and gas leasehold, producing properties and related assets in Caldwell County, Texas.

The assets offer an attractive opportunity, according to Detring, to acquire a 100% oil production base generating roughly 860 gross (630 net) bbl/d of oil from 51 active horizontal wells on a consistent, low decline producing from the Upper Edwards formation. Also included is a significant, stable net cash flow providing reliable, long-term returns on initial investment and 12 infill development opportunities identified to unlock additional production, reserves and cash flow.

Evaluation materials are available via the Virtual Data Room on Wednesday, March 1. Bids are due Wednesday, April 20. For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access