GMY-FW LP and Eagle Mountain Resources LLC have retained Energy Spectrum Advisors Inc. to sell certain oil and liquid-rich natural gas nonoperated properties in the Eagle Ford shale trend in Texas.
The package includes an average 3% working interest (2.3% net revenue interest) across 17,916 gross acres (16,662 net) in Gonzales County. The property features 34 producing wells and is operated by Penn Virginia Corp.
Average gross production in January was 7,960 barrels of oil (185 net) and 4.79 million cubic feet of gas (71,000 cubic feet net) for a total 8,760 barrels of oil equivalent per day (207 barrels equivalent net) from 34 wells. Net reserves are 824,000 barrels equivalent (32% proved developed). Projected net operating cash flow for January was $568,000.
The bid due date is March 14. Contact Wood Brookshire, 214-987-6133, wood.brookshire@energyspectrum.com .
Recommended Reading
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Prairie Operating Acquires More D-J Basin Assets for $94.5MM
2024-01-15 - Houston-based Prairie Operating Co. is scaling its D-J Basin footprint with a $94.5 million acquisition of Nickel Road Operating LLC.
Ministry Offers 62 Licenses Offshore Norway in APA 2023
2024-01-16 - Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.
For Sale, Again: Oily Northern Midland’s HighPeak Energy
2024-03-08 - The E&P is looking to hitch a ride on heated, renewed Permian Basin M&A.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
2024-02-14 - Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.