Marketed: Hoya Energy East Texas Operated Dry Gas Assets

Hoya Energy retained PetroDivest Advisors for the sale of an East Texas operated dry gas opportunity located in Limestone County, Texas.

Provided by PetroDivest Advisors

Hoya Energy retained PetroDivest Advisors to market for sale an East Texas operated dry gas opportunity that includes certain of its oil and gas leasehold, producing properties and related assets in Limestone County, Texas. The assets offer an attractive opportunity, PetroDivest said, to acquire consistent, low-decline production of about 2,500 Mcf/d, roughly 100% dry gas, with meaningful net cash flow of $5 million, enabled by low lifting costs and a proven chemical, workover and return-to-production (RTP) program set to enhance and maintain production.

Evaluation materials are available via the Virtual Data Room on May 18. Bids are due on June 22. For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.

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