The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
First Rock Inc. retained Oil & Gas Asset Clearinghouse LLC for the sale of Frio County, Texas assets. The offer includes HBP mineral leasehold and interest in an Austin Chalk well.
- 280 acres HBP net mineral acres, all depths to 7,950 ft
- 100% working interest / 74.24% net revenue interest proved developed producing Austin Chalk well
- Current net production: 54 barrels of oil equivalent per day
- 13 horizontal permits within 10 miles last 13 months
Bids are due Dec. 5. Data room is currently open.
While some oil producers in the Gulf region have taken a massive hit, others are scaling back projects in an effort to survive.
Crude oil stockpiles in the U.S. rise to record high as imports from Saudi Arabia remain elevated.
Data from a tankless operations pilot project show improvements in cost efficiencies, environmental compliance and more.