Strand Energy LC

Transaction Type
Sellers
Marketers
Basin
Eagle Ford Shale
Field
Brisco Ranch Field
Post Date
Close Date
Estimated Price
MM
Description

Strand Energy LC retained Oil & Gas Asset Clearinghouse LLC to sell Eagle Ford Shale properties in the Brisco Ranch Field in Zavala County, Texas, as part of a sealed-bid offering.

Highlights:

  • 11 operated wells
  • 4,775 gross acres and 4,660 net acres HBP, additional 1,307 acres in primary term
  • Working interest 77.5 – 100.0% and NRI 58.0 – 74.1%
  • Net production ~146 bbl/d of oil
  • July 2018 projected net cash flow $254,000
  • Minimum of 9 horizontal infill locations
  • Minimum of 8 development locations on primary term leasehold

Bids are due Aug. 14. For information visit ogclearinghouse.com or contact Patrick DaPra, vice president of negotiated transactions for Clearinghouse, at pdapra@ogclearinghouse.com or 832-601-7655.