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 retained Energy Advisors Group Inc. (EAG) to market a non-producing acreage in the San Andres play.
The sale package consists of about 2,367 gross (1,183 net) acres in Yoakum County, Texas, targeting San Andres.
Based on offset operators' spacing, there are 22 potential gross (8.25 net) locations.
The sale package allows a buyer to receive Permian leases on primary term with multiple pay opportunities offset well-known operators.
- Yoakum County, Texas Prospect
- 2,367 Acres. 1,183 Net. 22 Locations
- San Andres
- Multi-pay Opportunities
- All Rights. All Depths.
- 50% Operated Working Interest; 75% Lease Net Revenue Interest
- 22 Gross Horizontal Locations (8.25 Net).
- Low Drilling and Completion Costs. Less than $3 million per Location
- Lease Expires February 2021
For more information, contact Carrie Calahan, associate with EAG, at firstname.lastname@example.org or 713-600-0123.
Leasing hot spots, improved drilling metrics and more reveal some silver lining in the cloud hanging over Midcontinent producers.
Pin Oak Energy closed a transaction with a Shell affiliate to acquire roughly 43,000 acres prospective for Utica Shale development in northwestern Pennsylvania.
The two buyers in the Green River Basin and non-core acreage sales were not disclosed.