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Bear Clause Alloc A, B
Bear Clause Alloc A, B
Bear Clause Alloc A, B
Lot Number:1201
Completed
Start Time:2/28/2023 2:00:00 PM
End Time:3/7/2023 8:31:50 PM
Bid Count:59
High Bidder:m****m
Starting Bid:$100.00
Bid Increment:$250.00
Current Bid:$6,050.00
Bidding complete

Two producing horizontal wells in the Eagle Ford-1 Formation with mature production and low decline rates.  The operator is Callon Petroleum located in Houston and listed on the NYSE.  They are one of the best operators in the area and a good steward of the wells.  Callon has multiple drilling rigs operating in the area and has plans to continue to develop in La Salle County.

Production Breakdown:
Oil - 91.3%
Gas - 4.56%
NGL - 4.14%

Cash flow represents 100% of check statements.

05-2022     $113.24
06-2022     $107.87
08-2022     $  88.59

Click on the Documents tab for additional information.  When the auction is complete, please provide title information to info@mceeauction.com within 24 hours to start the filing process.

 

County:La Salle
State:TX
Operator:Callon Petroleum Operating Co.
Legal Description:A-541, IRR Co. Survey and A-1653, Sec 84, IRR Co. Survey
Decimal Interest:0.00033782 (A), 0.00033523 (B)
Monthly Net Income:$103.23
No donations for this lot
Lot Documents:
Data_Packet_Bear_Clause_RI.pdf
13.2 MB

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