BlueStone Natural Resources LLC

Transaction Type
Sellers
Marketers
Basin
South Texas
Post Date
Close Date
Estimated Price
MM
Description

BlueStone Natural Resources LLC has retained Tudor, Pickering, Holt & Co. Securities Inc. to sell certain nonoperated leasehold and royalty interests in the dry-gas window of the South Texas Eagle Ford shale play.

The package includes an average 18.75% working interest in 57,000 contiguous gross acres (approximately 10,650 net) and a 2% overriding royalty interest on the 57,000 acres in LaSalle and McMullen counties.

The acreage has been substantially derisked with four completed wells, the first of which has an average 24-hour initial production rate of 10 million cubic feet of gas per day. An additional well is being drilled.

The bid due date is July 29. The effective date is June 1. Contact Danny Rathan, 713-333-7184, drathan@tudorpickering.com.