Wednesday, October 31, 2012

                           Minerals No Longer Available
                   Accepting Offers For Surface Use Only


Eagle Ford Volatile Oil Window PUD Status Acreage
High-Grade 45-50 degree API Volatile Oil w/88% Liquids
DeWitt County In The Heart Of The Best Acreage

contact owner Mike Green at 361-648-5800 email

       70+ acre tract in the high grade Eagle Ford overpressure volatile oil window near Hochheim, Tx.  This irregular shape property should allow for a drilling program with multiple laterals. Tract is located in the Simon Bateman A-4 Survey in DeWitt County,  virtually straddling the DeWitt/Gonzales County line and adjacent to the Enterprise pipeline.  It is believed that EOG Resources has proved up this area with adjacent PDP acreage in the Meyer Unit, that it is thick shale, and that the reservoir quality contains high quality 45 degree API volatile crude oil. This acreage is highly strategic and prospective for volatile oil. Nearby EOG wells are PDP  77% Oil, 88% Liquids. Repeatable high IP well results consistently being seen across this over pressure trend with some wells having IPs over 6,000 bopd. Burrow Unit A 2-H peak 24-hour rate of 7,276 boe/d. 
 This property is located on a major highway, US 183, and is directly across the road from the EOG Meyer Unit. Tract has over 1,600 ft of US 183 highway frontage, approximately 1/2 mile Guadalupe River frontage, it is very close to the Enterprise pipeline, and comprises the only substantial acreage in the area that does not flood for approximately a mile in all directions. This land quite simply has multiple superior strategic advantages for developing the Eagle Ford in the Steen Plain area of the Eagle Ford oil and NGL windows. All adjacent tracts are leased to EOG Resources.  Notable is the fact that very little land in the immediate area did not flood in 1998 with the notable exception of a good portion of this property.  All depths and horizons are available, including the Pearsall.


  There is extensive drilling being done in the immediate area and the 70.15 acres tract available is located right in the sweet spot middle of several drilling units in the area.   

High Grade Area
The Meyer Unit is across the road on US 183 and Burrow B Unit next door from the subject property, indicating PUD status. This property is sandwiched between leased property nearby.

Irregular shape should allow for more lateral's

High Ground elevation in large flood plain.  Potential drilling site above historic flood level of 1998

Major highway frontage on US 183
Meyer Unit across highway and Burrow B Unit on property line

Area is being rapidly developed with infill drilling

High ground on US 183

Sunday, October 28, 2012

At DUG Eagle Ford Rosetta Resources Makes Bold Claims

Rosetta delivers a Eagle Ford money making machine

Rosseta brings it home
With it this good in the Maverick Basin imagine how much better it is in the eastern Eagle Ford along DeWitt/Gonzales county line where the over pressure volatile oil is?

slides from Rosetta Resouces presentation

Friday, October 19, 2012

Marathon High-Grading Eagle Ford Acreage

Marathon High-Grading Eagle Ford Acreage

     The recent decision by Marathon to sell-off approximately 97,000 acres of their less economic dry gas and marginal black oil window Eagle Ford acreage in order to focus and concentrate on drilling and developing their over pressure volatile oil window acreage is roundly seen by analyst's as a net positive for the company. There has lately been a virtual stampede among operators to sell off non-core assets. Shedding their less economic acreage in favor of holding and fast-track developing their over pressure volatile oil window has become the du jour operator business model to follow of late. This sale will further enhance and validate the wisdom of last year's purchase by Marathon of an approximately 65% working interest in a large swath of EFS acreage from Hilcorp for $25,000 per acre. At the time last year Eagle Ford naysayers and those of little faith of the extreme economics of the play blustered profusely how foolish the $25,000 per acre price paid was. If as expected, Marathon successfully flips this less valuable acreage for the average price it paid last year of $25,000 per acre it will be seen by investors as smart business move.

A chorus of crude oil experts at the DUG Eagle Ford Conference recently joined in singing the praises of the Eagle Ford by proclaiming it's as good or better than anything found in the Middle East. The light sweet volatile oil window is just awesomely economic beyond belief.  As operators pivot into oil factory mode and the extreme economics are better understood there will be deals for many, many multiples of the highest prices paid per acre to date. Publicly we know that Aurora Oil & Gas paid over $100,000 per acre for approximately 70% working interest in Sugarkane acreage in Karnes County a few months back. Expect private deals in the future to shatter this once thought lofty price. The show has just begun, Eagle Ford is the wonder of the oil industry today.