By OGJ editors
HOUSTON, July 21 – An undisclosed seller has retained Energy Spectrum Advisors Inc., Dallas, as exclusive advisor in connection with the sale of 52,975 gross acres (50,383 net acres) in the Eagle Ford shale in South Texas.
The company will be delivering a weighted average 95% working interest-78% net revenue interest, with the large majority of the acreage expiring in 2015-2016.
The acreage is mostly contiguous and located in the Eagle Ford’s oil and condensate windows, primarily in Fayette and Lavaca counties, Tex.
Offsetting the seller’s acreage, recent completions have been announced with IP rates as high as 1,242 b/d of oil and 480 Mcfd of gas in the oil window and as high as 3 MMcfd and 120 b/d of condensate in the wet gas window while still flowing back 1,000 b/d of frac water.
The acreage has an inventory of more than 300 potential horizontal drilling locations.