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.
Research firm Rystad Energy also predicts the impact of the coronavirus outbreak on global oil markets to worsen as world economies continue to lockdown.
Several industry experts agree that the Russian move was directly targeted at the U.S. shale oil industry, which will bear the brunt of the price war.
Offshore operations in the Gulf of Mexico will thrive with improving economics, while in the shale fields ... not so much; a new generation of leaders takes over following the retirement of a slew of industry icons, and just in time to tackle investor pressure on ESG issues, continuing consolidation and the pursuit of capital; and then there's the 2020 U.S. presidential election, in which the subject of energy is likely to play a prominent role.