The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. EnerCom Inc. is not a brokerage firm and does not endorse or facilitate any transactions.
Deal Summary
DSD Energy Partners has engaged Energy Advisors Group to market prospective acreage located in Karnes & Webb Counties, TX. The two acreage positions are situated in aggressive development areas, home to many core Eagle Ford & Austin Chalk assets of top-tier operators such as: Marathon, EOG, Encana, ConocoPhillips, Lewis Energy, Escondido & Ensign.
— Motivated Seller —
Asset Summary:
— 2,618 Gross (1,457 Net) Acres of Primary Term Acreage in Karnes & Webb Counties, TX
— Various Depth Rights (Majority ALL DEPTHS. ALL RIGHTS)
— 2-Year Extension Options Available
— Nearby Facilities In Place to Support Development
AREA #1 – Karnes County:
— 2,117 Gross Acres (956 Net)
— ALL RIGHTS. ALL DEPTHS
— 13 Gross (5 Net) Horizontal Drilling Locations
— Up to 100% Operated WI (77.5% Lease NRI)
— Leased at 22.5% Royalty
— First Expiration in December 2020
— 2-Year Extension Option available on 1,234 Gross (631 Net) acres for $500-$1,000 per acre
AREA #2 – Webb County:
— 501 Gross/Net Acres Restricted to Deep Formations (Below the Olmos/Escondido)
— 3 Gross (2 Net) Horizontal Drilling Locations
— 100% Operated WI (75% Lease NRI)
— Leased at ~25% Royalty
— First Expiration in February 2021
— 2-Year Extension Option available on 286 acres for $750-$1,000 per acre
This Seller also has additional noncore acreage for sale listed with Energy Advisors Group in the Permian.
Related: DSD Permian Prospect For Sale
Asset Highlights:
- KARNES & WEBB CO., TX ACREAGE
- 2,618-Gross Acres. 1,457-Net
- EAGLE FORD & PEARSALL SHALE
- MAJORITY ALL DEPTHS. ALL RIGHTS
- 2-Year Extension Options Available
- Permitting Activity Approaching Position
- Up to 100% OPERATED WI & 77.5% NRI
- 16 Gross Horizontal Locations (7 Net)
- First Expiration In December 2020
Click here to view the online data room or visit www.energyadvisors.com/deals to view our other 30+ assignments.
For more information, contact Carrie Calahan, Associate with EAG, at ccalahan@energyadvisors.com, Office 713-600-0123
