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.
Recoil Resources retained EnergyNet for the sale of an Eagleville Field well package in the Eagle Ford Shale.
The package, Lot# 102318, includes operations and related facilities in 12 horizontal, oil-weighted wells generating roughly $6.4 million of next 12-month PDP cash flow. Located in the Eagleville Field within the Eagle Ford Basin in Atascosa and Wilson counties, Texas, EnergyNet said the Recoil Resources asset showcases an attractive production profile with long-life stable cash flow predictability.
- Operations in 12 wellbores:
- Average Working Interest 100% and Net Revenue Interest ~76% (BPO)
- Five-month average:
- Gross production of 511 bbl/d of oil
- Net Production of 395 bbl/d of oil
- Net operating margin of $1.07 million / month
- Production primarily sourced from Lower Eagle Ford reservoir
- PDP PV-10 of $22.9 million
- PDP net reserves of 821 Mboe
Bids are due at 4 p.m. CST on Dec. 8. The effective date of sale is Dec. 1 and the transaction is projected to close by Dec. 29.
For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Denna Arias, executive director of acquisitions and divestments, at Denna.Arias@energynet.com.
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