Chevron U.S.A. Inc. and Union Oil Company of California has retained EnergyNet Indigo as exclusive transaction and technical advisor to facilitate the sale of its Operations, Non-Operated WI, HBP Leasehold & Mineral Fee Van Field Opportunity Asset 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

 

Operations in Van Field:

  • 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

Mineral Fee Van Field Opportunity Asset Acquisition Opportunity located in Van Zandt -oilandgas360

 

EN Indigo -oilandgas360This is a Sealed Bid property listed with EnergyNet Indigo. Sealed Bids Due: 7/30/2020 at 4:00 PM CST

For Additional Information, Please Contact:

Cody Felton

Vice President

Business Development

Gulf Coast/Eastern States
Direct: (281) 221-3042

[email protected]

Denna Arias

Vice President

Corporate Development

Direct: (281) 949-8463

[email protected]


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