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Eagle Ford Assets For Sale

  • State/Province: Texas
  • Country: United States
  • Quantity: 1
  • Allow Deals: Yes
  • I Want To: Sell
  • Listed: May 31, 2019 8:48 pm
  • Expires: 852 days, 17 hours


Crawford Hughes Operating Company (“Crawford Hughes”) has retained Detring Energy Advisors to market for sale certain oil & gas producing, leasehold, and related assets located in the Austin Chalk and Eagle Ford fairways of the established Giddings Field (the “Assets”). The Assets offer an attractive opportunity to acquire a position on-trend with recent prolific well results by top regional operators.

Asset Highlights:

· 43,700 Net Acres – 100% HBP

o High average working interest (90%) and nets (75%) across majority of position

o Acreage contained entirely within the Austin Chalk fairway with activity pressing northeast & southwest toward the Assets

o Contiguous and operated position ideal for extended laterals and pad development

o ~18,000 net acres with Eagle Ford rights (50/50 JDA with Apache Corp.)

· World-Class Austin Chalk Well Results

o Following success in the B interval, operators are now targeting the Austin Chalk A zone with multiple results >1,500 Boed (>300 Boed/Mft)

§ Multiple offset well results and permits by Magnolia (EnerVest), Chesapeake (Wildhorse), GeoSouthern, EOG, and others

o Superb well control and log data provide a strong geologic understanding of regional development and well results

§ Thermally mature, high TOC

§ Localized Eagle Ford upside

o Giddings Field horizontal spuds and permits up ~15-20x over a two-year period, including prolific results in both the Austin Chalk and Eagle Ford

· ~2,800 Mcfed Net Production – 6% Annual Decline

o Low-decline production base (26% liquids)

o $11MM PDP PV10

o $2.3MM next 12 months operating cash flow (PDP only)

Process Overview:

· Evaluation materials available via the Virtual Data Room (“VDR”) on Monday, February 25th

· Proposals due on Wednesday, March 27th

Please see the attached teaser for additional details regarding the properties and sales process.

Please contact Melinda Faust to request a confidentiality agreement (for VDR access), schedule a presentation, or learn more about this opportunity.


Melinda Faust | Managing Director | Detring Energy Advisors

1885 St. James Place, Ste. 1200 | Houston, TX 77056

Mobile: (512) 296-4653 | E-Mail: mel@detring.com | Web: www.detring.com

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Listing ID: 2255c66d7f227cdd

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