Marketed: Costa Energy Salt Flat Field Legacy Oil Opportunity

Transaction Type
Sellers
Marketers
Field
Salt Flat Field
Announce Date
Post Date
Close Date
Room Opening Date
Estimated Price
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Description

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.

Costa Energy LLC retained Detring Energy Advisors to market for sale its oil and gas leasehold, producing properties and related assets in the Salt Flat Field in Caldwell County, Texas.

The assets offer an attractive opportunity, according to Detring, to acquire a 100% oil production base generating roughly 860 gross (630 net) bbl/d of oil from 51 active horizontal wells on a consistent, low decline producing from the Upper Edwards formation. Also included is a significant, stable net cash flow providing reliable, long-term returns on initial investment and 12 infill development opportunities identified to unlock additional production, reserves and cash flow.

 Process Summary:

  • Evaluation materials available via the Virtual Data Room on Wednesday, March 16
  • Bids are due Wednesday, April 20

For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.

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