The following information is provided by Energy Advisors Group (EAG). 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.
Texegy Royalty has retained Energy Advisors Group (EAG) to market for lease its eastward extension of the Brookeland Field Austin Chalk mineral position in Louisiana. The 48,000 net acre position provides the opportunity to lease / develop the core of the Louisiana Austin Chalk with potential for shallower pay in the Saratoga and Wilcox formations.
Proprietary 3D seismic stretches across Texegy's acreage confirming there is no major faulting with recent offset completions by Navidad Operating seeing initial rates of 4,390 boe/d (Hancock 2H). Over 7,500 unconventional wells attest to the economic viability of this play with well-understood geology and analogous performance allowing for the application of high intensity, modern multi-stage frac techniques. Zarvona is currently producing on the acreage from six units at a gross 295 bbl/d and 1,900 Mcf/d from currently ample takeaway capacity along with the 42-inch Gulf Run pipeline scheduled for activation later this year running through Texegy's acreage.
In addition, this massive contiguous leasehold position has a single owner, one servitude with favorable surface conditions and is supported by a Bureau of Economic Geology study likening the minerals to the most prolific areas of the Austin Chalk in Texas.