An affiliate of Denver-based Hawkwood Energy LLC is selling its operated stake in producing Eagle Ford Shale assets through a sealed-bid offering being handled by EnergyNet.
The offer consists of operated working interest in 10 producing wells and associated leasehold covering roughly 25,500 net acres in Madison and Leon counties, Texas.
Highlights:
- About 25,500 net leasehold acres;
- More than 80% gross working interest and 78% net revenue interest;
- 35% HBP (about 9,000 net acres);
- Net production of 300 barrels per day (bbl/d) of oil;
- 93%-100% gross working interest and 71%-79% net revenue interest;
- 10 producing wells (nine Eagle Ford, one Buda);
- Two drilled but uncompleted vertical wells on acreage (not producing);
- Six-month average 8/8ths production of 439 bbl/d of oil; and
- 10-month average net income of $408,971 per month.
In addition, Hawkwood said the offer comprises 39 Eagle Ford proved undeveloped locations (Netherland Sewell & Associates) as well as stacked-pay upside potential in several oily zones including Woodbine, Austin Chalk, Buda and Georgetown.
Bids are due by 4 p.m. CT May 24. For information visit energynet.com or contact EnergyNet's Ryan Dobbs at 720-459-2072.
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