EOG Resources Inc.

Transaction Type
Sellers
Marketers
Basin
South Texas; Frio Trend
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

EOG Resources Inc. has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain majority operated properties in South Texas. The key asset in the offer is a position located in San Patricio County.

Asset Highlights:

  • Legacy Fields with a Strong Production and Cash Flow Base
    • Located in the prolific Frio trend area
    • Net production: 9.8 million cubic feet equivalent per day
    • Net cash flow: $689,000 / month ($8.3 million annualized)
  • Highly Economic Development Opportunities Targeting Stacked, Proven Horizons
    • 30 quantified, impactful behind-pipe recompletion projects
    • 27 quantified drilling locations with internal rate of returns reaching 100%
    • 3-D seismic coverage across the position / volumetric support available for most upside

Bids are due Jan. 15. For information visit tenoaksenergyadivsors.com or contact B.J. Brandenberger, partner with TenOaks, at bj.brandenberger@tenoaksadvisors.com or 214-420-2323.