The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
FKO Enterprises, FRJK Legacy Family and RMK Trust have retained Detring Energy Advisors to market for sale certain of their oil and gas fee mineral interests in the Karnes Trough of the Eagle Ford Shale.
The assets offer an attractive opportunity to acquire about 1,475 net royalty acres (100% minerals) consolidated under top regional operators ConocoPhillips and EOG Resources with an interest in 160-plus horizontal PDP wells and 19 near-term development wells generating $8.6 million in next 12-month cash flow, according to Detring. The firm added that the package includes an additional 220-plus undeveloped locations across the highly economic Lower Eagle Ford, Upper Eagle Ford and Austin Chalk formations, which are actively being developed by ConocoPhillips, EOG and other regional operators.
- Evaluation materials available via the Virtual Data Room on May 23
- Bids are due on June 22