The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
DSD Energy Partners LLC engaged Energy Advisors Group Inc. (EAG) to market prospective acreage located in Karnes and Webb counties, Texas. The two acreage positions are situated in aggressive development areas, home to many core Eagle Ford and Austin Chalk assets of top-tier operators such as Marathon Oil Corp., EOG Resources Inc., Encana Corp., ConocoPhillips Co., Lewis Energy Group LP, Escondido Resources LP and Ensign Natural Resources LLC.
The seller also has additional noncore acreage for sale listed with EAG in the Permian Basin.
Summary:
- 2,618 Gross (1,457 Net) Acres of Primary Term Acreage in Karnes and Webb counties, Texas
- Various Depth Rights (Majority All Depths. All Rights.)
- Two-Year Extension Options Available
- Nearby Facilities In Place to Support Development
Area #1 - Karnes County:
- 2,117 Gross Acres (956 Net)
- All Rights. All Depths.
- 13 Gross (Five Net) Horizontal Drilling Locations
- Up to 100% Operated Working Interest (77.5% Lease Net Revenue Interest)
- Leased at 22.5% Royalty
- First Expiration in December 2020
- Two-Year Extension Option available on 1,234 Gross (631 Net) acres for $500-$1,000 per acre
Area #2 - Webb County:
- 501 Gross/Net Acres Restricted to Deep Formations (Below the Olmos/Escondido)
- Three Gross (Two Net) Horizontal Drilling Locations
- 100% Operated WI (75% Lease NRI)
- Leased at about 25% Royalty
- First Expiration in February 2021
- Two-Year Extension Option available on 286 acres for $750-$1,000 per acre
Highlights:
- Karnes and Webb Counties, Texas, Acreage
- 2,618 Gross (1,457 Net) Acres.
- Eagle Ford and Pearsall Shale
- Majority All Depths. All Rights.
- Two-Year Extension Options Available
- Permitting Activity Approaching Position
- Up to 100% Operated Working Interest and 77.5% Net Revenue Interest
- 16 Gross Horizontal Locations (Seven Net)
- First Expiration In December 2020
Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plus assignments.
For more information, contact Carrie Calahan, associate with EAG, at ccalahan@energyadvisors.com or 713-600-0123.
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