Marketed: Cove Petroleum Portfolio Across Major Oil Producing States
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.
Energy Advisors Group Inc. (EAG) has been retained by Cove Petroleum Corp. to assist in marketing its entire portfolio of operated and nonoperated working interests plus royalty and overriding royalty interests in 422 wells, mainly in Texas and Oklahoma.
The portfolio encompasses 422 wells, consisting of 21 operated, 237 nonoperated and 164 royalty and override interest wells. The operated wells are concentrated in Hockley and Lubbock counties, Texas, and all produce from the Clear Fork Formation, a proven secondary recovery reservoir via waterflood. The upper or northern Permian Basin assets include both operated and nonoperated working interests and some with royalty and overriding royalty interests. In addition, some of the wells have both working and royalty interest ownership.
The seller also owns small interests in Colorado and Louisiana.
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For more information, contact Blake Dornak, A&D director for EAG, at bdornak@energyadvisors.com or 713-600-0169.