Marketed: South Texas Horizontal Development Project

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

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 has been retained by Prime Systems to market its development program in Starr County, Texas.

The seller is looking for an operator or nonoperated partners to make a $2.8 million investment to drill the horizontal well and expect a payout in less than six months.

Highlights:

  • South Texas Horizontal Development
  • Drill-Ready 5,400 ft Horizontal Well. Nine Pay Zones
  • Historical Shallow Oil Field
  • Baker Hughes Completion Technique
  • Open Hole Gravel Pack
  • O’Hern and Frio Sands.
  • 3,000 ft Lateral. Reservoir: 1,800 ft Measured Depth.
  • 100% Operated or Nonoperated Working Interest
  • Expected IP: 940 bbl/d of Oil
  • All Leases in Place.
  • Generator Expects Less than Six-Month Payout.
  • Proven (Primary) Reserves: 260,000 barrels of oil
  • Drill and Completion Costs: $2.8 million

Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plis assignments.

For more information, contact Blake Dornak, A&D director for EAG, at bdornak@energyadvisors.com or  713-600-0169.

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