The following information is provided by LandGate Corp. All inquiries on the following listings should be directed to LandGate. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
LandGate is representing a mineral owner in the sale of a core Eagle Ford producing mineral position.
The offering includes core Eagle Ford and Austin Chalk minerals in Karnes and DeWitt counties, Texas. These minerals participate in 47 producing horizontal wells operated by EOG Resources Inc. and ConocoPhillips Co.
- Karnes and Dewitt County, Texas
- Royalty: 25%
- Acreage: 26.55 Net Mineral Acres - 53.1 Net Royalty Acres - 265.53 Gross Acres
- Gross Production: 5,571 barrels per day (bbl/d) of oil 20.6 million cubic feet per day of gas
- Royalty Payments: $13,122 per Month
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Producing units include the Fuji Unit, Korth Unit, Muschalek Blair Unit, Vinson Unit, Whitney Unit and Wolf Unit. Recent IP’s from the ConocoPhillips wells are roughly 2,000 bbl/d of oil (30-day average) with EURs exceeding 2 million barrels of oil. Asking price allows purchaser to acquire PDP hydrocarbons for $12.70 per barrel of oil equivalent.