EnergyNet has been retained by XTO Energy Inc., an ExxonMobil Subsidiary, as the exclusive advisor to assist with the transaction of certain oil and gas properties located in Brazos, Burleson, Fayette, Grimes, Lee and Washington Counties Texas. This is a sealed bid offering.
Lot ID: 64200. Bids due 5/28/2020 at 4:00 PM CDT. Effective date of sale is 7/1/2020.
Summary:
Diversified position in the heart of one of the hottest basins with experienced operators.
- Recent acquisitions by Magnolia ($2.7 B) and Chesapeake ($3.9 B).
- Acreage position is actively being drilled. Currently 4 new wells with first production in Q1
Land –Acreage
- Gross Acreage: 21,514
- Net Acreage: 10,491
Additional option to lease -Mineral Rights
Wells & Locations
87 Total Wells
- 9 XTO Operated
- 78 Non-Operated
o 4 Wells 1Q IP
Operators Include
- Chesapeake
- Hawkwood
- Magnolia Oil & Gas
- XTO
225 Potential Locations on HBP Leasehold
- 108 Austin Chalk Locations
- 117 Eagle Ford Locations
77 Potential Drilling Locations to Lease
- 27 Austin Chalk / 50 Eagle Ford
Financials
- Trailing 12 Month Average Net Production:
- ~55 BOPD and ~360 MCFD
- Trailing PDP Annual Cash Flow:
~$431,400
Production of recently added wells (4) in Q1 will add significant cash
EnergyNet Contacts
Vice President of Business Development Office: (713) 861-1866
Cell: (281) 221-3042
Denna Arias
Vice President of Corporate Development Office: (832) 403-3125
Cell: (281) 949-8463
July Effective Date
Bids due 5/28/2020 at 4:00 PM CDT. Effective date of sale 07/01/2020.
Data Room Open
Keith Ries
Vice President of Engineering Office: (713) 861-1866
Cell: (713) 591-1776
Rebecca Stewart Geological Consultant Office: (713) 614-2341
Anastasia Semenova
Project Manager – Evaluation Engineering Office: (713) 861-1866
Krysta Turner
Vice President of Land & Technical Services/Engineering Office: (806) 351-2953
Britt Foster
Buyer Relations/GIS Manager Office: (806) 351-2953
Sean Thomas
Senior Financial & Engineering Analyst Office: (806) 351-2953