Industry Brief

Kirkpatrick Oil & Gas LLC has hired E-Spectrum Advisors LLC to sell its nonoperated, horizontal Eagle Ford and Pearsall shale properties in La Salle and Frio counties, TX. Kirkpatrick’s ownership includes 41 producing wells, operated by Cheyenne Petroleum Co., making approximately 6,000 gross/135 net boe/d, and nine wells in various stages of drilling and completion. In addition, nine locations are permitted for drilling. Kirkpatrick holds an approximate 3% working interest and the typical lease delivers a 77% net revenue interest. The properties hold 11,281 gross/338 net acres of leasehold. Reserves include net proved reserves of 1.18 MMboe (88% oil/liquids). Offers are due by July 30.

June 24, 2013

New Refinery Would Handle Eagle Ford Crude

Irving, TX-based Worldwide Energy Consortium Inc. (WEC) is set to begin the initial engineering/permitting phase for a new refinery to be located near Gardendale in La Salle County, TX.

May 22, 2013

Magnum Hunter to Test Potential of Pearsall Shale

Magnum Hunter Resources Corp. Wednesday said it plans to test for the first time the potential of the deep Pearsall Shale formation in South Texas after agreeing to pay $2.35 million to buy an additional 1,885 net mineral acres in Atascosa County.

August 9, 2012

Anadarko Building Eagle Ford Processing Plant

Anadarko Petroleum Corp. has begun building the Brasada Gas Plant in La Salle County, TX, which is expected to come online in 2Q2013 with initial capacity to process up to 200 MMcf/d of liquids-rich natural gas from the Maverick Basin, where the company operates on about 400,000 gross acres.

June 20, 2012