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

Earthstone Energy retained Opportune Partners LLC for the sale of certain oil and gas assets in the Eagle Ford in Karnes and Gonzales counties, TX.  The assets have a total of eight locations targeting the Lower Eagle Ford (3) and Austin Chalk (5).

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(Source: Opportune)

Opportunity highlights:

  • Contiguous operated footprint in the heart of the oil window in Karnes and Gonzales Counties, TX
  • Low-decline, oil weighted production of 1.3 MBoe/d (83% oil)
    • PDP PV10 of ~$95MM and NTM cash flow of $22MM
  • Remaining inventory exhibit EURs of ~60 Boe/ft. and IRRs >50%
  • Self-funding program generates more than $160MM in FCF over next 5 years
  • Offsetting EOG EOR projects provide blueprint to enhanced recoveries

Bids are due at 12:00 p.m. on Sept. 20. For complete due diligence information, please visit opportune.com or email Daniel Rojo, managing director, at drojo@opportune.com.