Properties updated on: 2017-8-12

Available Properties

There are currently 3 properties available:


We are working on other high quality producing property divestments in the Gulf Coast area. Although our data packages are not complete on these fields, we will be glad to discuss them with you.

Hicks Dome Exploration Project in Hardin County, Illinois - Operated Working Interest
Available

ROA Energy, LLC is requesting proposals from E&P companies to acquire its 100% working interest in an exploration project in the Hicks Dome area of Hardin County, Illinois.

Significant Acquisition Attributes

  • Total exploration potential is estimated to be as high as 250 million barrels of oil or 500 billion cubic feet of gas.
  • ROA Energy is offering a 100% working interests before payout, with a 25% back-in after payout in favor of the ROA Energy for the first well drilled. After the initial well is drilled and completed, ROA Energy will bear its 25% working interest share going forward.
  • The prospect represents an undrilled central uplift target of intensely fractured formations. Proposed total depth is 12,500 feet.
  • The prospect is located on a dome and arch that represent a major structural closure (the largest in the Illinois Basin).
  • The prospect is supported by outcrop geology, subsurface geology (two previous shallow wells), and reflection seismic.

Contact us regarding this property

Main Pass Area - Louisiana Shallow Coastal Waters - Working Interests
Available

Triumph Energy I, LLC proposes a sale of its working interests in its oil and gas development project in Main Pass Blocks 26, 32 and 35.

Significant Acquisition Attributes

  • Estimated net reserves in all reserve categories are 15.3 million barrels of oil and 76.5 BCF of natural gas;
  • Up to 42.5% working interest with corresponding net revenue interest of 31.875% is available;
  • The net operating income for the interest being offered has recently averaged $7,700 per month;
  • Four significant drilling prospects are initially proposed to be followed by multiple development wells;
  • Prolific Miocene sands with extraordinary porosity and permeability that yield high quality sweet crude and natural gas;
  • Approximately 1,200 gross acres of leases currently held by production;
  • Much of the production handling infrastructure is already in place with an efficient operations team;
  • Comprehensive data including detailed geology, engineering reports and the availability of 3-D seismic;
  • Negotiated sale.

Contact us regarding this property

Ship Shoal Block 72 Field - Gulf of Mexico Shallow Shelf - Non-Operated Working Interests
Available

Teikoku Oil (North America) Co., Ltd. proposes a sale of its non-operated working interests in shallow Federal waters in the Ship Shoal Block 72 Field.

Significant Acquisition Attributes

  • Recent net production is 95 BOPD and 281 MCFD from 5 producing wells;
  • Estimated net proved reserves are 217,300 barrels of oil and 729 MMCF;
  • Present worth of net proved reserves discounted at 10% is $9.94 million;
  • Upside potential includes multiple behind-pipe zones in the existing wells;
  • Approximately 10,358 gross acres of leases;
  • Very experienced operator with strong management team;
  • Possible access to 3-D seismic data;
  • A reserve and economics report by Burks will be provided.

Contact us regarding this property

Significant Gas Discovery in the Prolific Arkoma Basin
Sold

An independent oil and gas company sold all of its operated gas wells, leases, and drilling prospects in the Arkoma Basin.

Highlights

  • Several existing wells.
  • Offsets one of Oklahoma's largest gas fields.
  • Has a gathering system and pipeline connection to a major interstate pipeline.
  • High quality natural dry gas.
  • Includes all rights to all depths including deeper Arbuckle potential.

Broussard Field, Lafayette Parish, Louisiana - Non-Operated Working Interests
Sold

An oil and gas company has sold its non-operated working interests in this field to a private investor.

Significant Acquisition Attributes

  • Three producing oil wells and one saltwater disposal well;
  • Gross production was around 170 BOPD, 240 MCFD;
  • Leases covering approximately 150 unitized acres;
  • Negotiated sale.

Main Pass Block 35 and Five Other Fields in South Louisiana
Sold

HKN, Inc. and its wholly owned subsidiary, XPLOR Energy Operating Company, has sold its oil and gas assets in the Main Pass Block 35, Lake Raccourci, Point a la Hache (Bakers Bay), Branville Bay (Chandeleur Sound Block 71), Lapeyrouse, and East Lake Verret fields.

Significant Acquisition Attributes

  • 30 producing wells with a leasehold position of 8,314 gross acres.
  • Net production of 298 BOPD and 855 MCFD.
  • Net cash flow of $608,000 per month.
  • Net proved reserves of 1,358,000 BO and 1,554 MMCF.
  • Net Probable & Possible reserves of 794,000 BO and 4,729 MMCF.
  • There is an independent third-party engineer's reserve report.
  • Main Pass Block 35 Field became one of Shell's major discoveries in the 1950's. The field, with its 10 linked platforms and oil pipeline, is in a strategic location within Louisiana's coastal waters and has unique characteristics such as third-party oil, gas, and water processing services for neighboring fields.
  • Numerous upside opportunities including a significant exploration play at Main Pass 35.

Operated Working Interests - Mississippi
Sold

Odyssey Petroleum Corp. (US), operating under Chapter 11 bankruptcy protection, divested its oil and gas assets in Mississippi.

Highlights:

  • Assets include interests in the Pelahatchie, Verba, and Barber Creek fields;
  • Odyssey's ownership includes 19 oil wells and two SWD wells;
  • Production from 9 wells averaged 143 BOPD gross and 102 BOPD net;
  • Working Interests are mostly 100% with NRIs about 72%;
  • Net operating revenue is estimated to be about $238,000 per month;
  • The fields offer multiple productive zones from 7,500 feet to 17,000 feet;
  • There are several behind pipe recompletions in the existing wells;
  • Net proved reserves are 712,000 barrels and 140 MMCF (PV-10% is $22.5 million) per the Fletcher Lewis Engineering report as of 1/1/10, constant price case;
  • The four wells in the Barber Creek Field are slated for abandonment;
  • In addition to the above reserves, over 40 drilling locations have been identified for the unexploited Norphlet, Smackover, Haynesville and Cotton Valley formations.

Liberty County, Texas - Non-Operated Working Interests
Sold

Two owners have sold their interests in this package of producing properties.

Significant Acquisition Attributes

  • Twelve producing oil and gas wells;
  • Net production was approximately 60 BOPD and 1,630 MCFD;
  • Net cash flow from the Properties was about $536,000 per month;
  • Net proved reserves are approximately 5.8 BCFE;
  • Present worth value of the net proved reserves, discounted at 20%, is $22 million;
  • The leasehold position covers approximately 2,500 gross acres;
  • Working Interest ownership averages approximately 8.5% with a 6.5% NRI;
  • There are several identified proven behind pipe zones;
  • There are at least five identified drilling locations for proven reserves;
  • Prolific Vicksburg, Yegua, and Cook Mountain formations;
  • Highly successful, ongoing 3-D seismic-based drilling program;
  • Existing wells are less than six years old.

North Minne Bock Field, Nueces County, Texas – Working Interests
Sold

A Southeast Texas operator and a number of its working interest partners sold their interests in this field which has significant and substantial upside potential. This was a joint PLS and Burks project.

Significant Acquisition Attributes

  • 34 producing oil and gas completions;
  • WI of up to 100% with a net revenue interest of nearly 75%;
  • Net sales and production were about 800 MCFD and 60 BOPD;
  • Net cash flow from the property was approximately $2.3 million for the 2006 year;
  • Nine leases covering approximately 1,580 gross acres held by production;
  • The field contains 93 recognized reservoirs from 28 productive sands. The pay sand depths range from 5,200’ to 8,400’;
  • 182 identified behind pipe recompletions in the existing wells;
  • 30 identified drilling locations;
  • Twenty square miles of 3-D seismic data were acquired over the field in 1994.

Yougeen Field – Bee County, Texas
Sold

A San Antonio-based operator has sold its assets in this field. This was a joint PLS / Burks sales project.

Significant Acquisition Attributes of Yougeen Field:

  • Ownership included 17 producing completions;
  • The available working interest was 100% with an NRI of 80%;
  • Net Production was approximately 63 BOPD and 894 MCFD;
  • Four proven pay sands – Frio/Vicksburg through Yegua - from 3,700’ to 5,700’;
  • Five development drilling locations for proved reserves were identified;
  • Two additional drilling locations for probable reserves were identified;
  • Leasehold position was 4,390 acres.

Main Pass 59 - Offshore, Louisiana
Sold

A New Orleans-based E&P company has sold a portion of its assets in this property.

Significant Acquisition Attributes

  • This is an outstanding offshore property with large reserves and good cash flow;
  • Ownership includes 18 oil completions in 14 wellbores;
  • Gross production averages 2,000 BOPD and 700 MCFD depending on facilities constraints;
  • Net proven reserves are estimated to be 13.2 million barrels of oil and 8.0 BCF;
  • There are 14 proven field pay sands identified to date from 4,200 feet to 7,000 feet;
  • Leasehold position consists of approximately 3,746 acres;
  • There are at least six development-drilling opportunities on the acreage and one exploratory well to test a new fault block;
  • 3-D seismic data is available from Western Geophysical;
  • The originals platform is a six-pile, ten-slot structure in approximately 70 feet of water. Additional drilling slots were added during 2001.

Goose Creek Field, Harris County, Texas
Sold

A partnership has sold its interests in this 100-year oil field.

  • 32 producing oil wells.
  • Gross production is approximately 265 BOPD.
  • 100% working interest.
  • Estimated net proved reserves are about 2 million barrels of oil.
  • Present worth value of the net proved reserves is $35 million (PV-15%).
  • Stacked pays with numerous proved behind-pipe zones.
  • 4 Identified proved undeveloped drilling locations.
  • Deep Vicksburg gas potential.