New Century Exploration Inc.
New Century Exploration Inc., Houston, has retained PLS Inc. to sell certain interests in South Texas. The package includes 100% operated working interest (73% to 75% net) on 2,356 gross acres in four areas of Calhoun, Colorado, Dewitt, Lavaca, Live Oak and Wharton counties. Assets include 23 producing wells, three producing developed nonproducing, and 33 proved developed behind-pipe completions with additional probable and possible behind-pipe completions. Other assets include 17.2 miles of gas-gathering pipelines and available 3-D seismic. Net production is 2.5 million cubic feet equivalent per day. Estimated net proved reserves are 2.9 billion cubic feet equivalent and net probable plus probable are 2.3 billion. The data room is open. A bid due date has not been determined. Contact Richard Martin, 713-600-0107.