Chevron U.S.A. Inc. and Union Oil Company of California has retained EnergyNet Indigo as exclusive transaction and technical advisor for an acquisition opportunity located in Van Zandt County, Texas

EnergyNet’s Indigo is a technology-enabled platform tailor-made for upstream energy companies’ higher valued assets. The Indigo A&D platform offers a complete range of asset divestiture capabilities and strategic advisory services. Our A&D professionals’ deep industry relationships and unparalleled market intelligence, combined with our in-house engineering, geology, and commercial expertise have resulted in the successful execution of billions of dollars of U.S. oil and gas asset transactions over the last 20 years. The Indigo A&D platform is an extension of that work. We appreciate that every client mandate requires a hands-on, customized approach and that is exactly what we provide.

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Van Field Opportunity

Operations, Non-Operated WI, HBP Leasehold & Mineral Fee

Van Zandt County, Texas

Chevron U.S.A. Inc. and Union Oil Company of California

• Gross Working Interest ~90% / Net Revenue Interest ~79%
• 110 Producing Wells | 7 Water Injection Wells | 142 Shut-In Wells | 289 Abandoned Wells
• Producing from Austin Chalk, Rodessa, and Woodbine Formations

Non-Operated Working Interest in Van West Field:

• Average WI 30.10% / Average NRI 21.84%
• 3 Producing wells | 4 Shut-In Wells | 9 Abandoned Wells
• Producing from Buda Georgetown, Paluxy, and Rodessa Formations

• 6-Month Average 8/8ths Production: 902 BOPD and 538 MCFPD
• 12-Month Average Net Income: $263,158/Month
• 7,437.74 Gross Acres / 6,565.96 Net Acres:
  • 5,834.46 Net HBP Leasehold Acres
  • 731.50 Net Mineral Fee Acres

Operator Bond Required

Sealed Bids Due: 7/30/2020 at 4:00 PM CST