Tempo Resources Ltd

Transaction Type
Sellers
Marketers
Post Date
Estimated Price
MM
Description

Privately held Tempo Resources Ltd., a limited partnership owned by Houstonbased Chalker Energy Partners II, has retained Tristone Capital Inc. to sell its Fort Worth Basin assets primarily in Palo Pinto County, Texas, and additional assets in Jack, Parker, Archer and Stephens counties. The package includes more than 10,000 gross acres including more than 4,400 gross acres of Barnett shale rights. Multiple targets include Strawn, Bend Conglomerate, Caddo lime, Marble Falls and Barnett shale that are producing at depths from 600 feet to 5,000 feet. Some 70% of value is in Brazos Field, where Tempo operates with 100% working interest (97% net revenue interest). Upside includes 100 low-cost drilling locations and 35 recompletions in the Barnett. The data room opens in mid July. Bids are due in August. Contact Rob Bilger, 713-651-4222.