Texoz E&P I & II Inc.

Transaction Type
Sellers
Marketers
Basin
Maverick
Post Date
Close Date
Estimated Price
MM
Description

Texoz E&P I & II Inc. has retained Albrecht & Associates Inc. to sell certain South Texas Eagle Ford assets.

The package includes an average 81% working interest (62% net revenue interest) in four producing horizontal Eagle Ford wells on 7,712 gross acres (7,581 net) in McMullen County. All wells and locations Eagle Ford oil and gas condensate windows.

Projected production for June is 340 barrels of oil per day, 800, 000 cubic feet of gas per day and 76 barrels of gas liquids per day. Net proved reserves are 15 million barrels of oil, 57 billion cubic feet of gas and 6 million barrels of gas liquids. Projected monthly following the effective date is approximately $816,600 per month.

Upside includes approximately 88 net 80-acre proved undeveloped locations.

The bid due date is May 2. The effective date is June 1. Contact Robert A. Albrecht, 713-951-9586, bob@albrechtai.com.