Eagle Ford 2 - Producing Royalties
Lot Number:3
Start Time:8/11/2019 5:00:00 AM
End Time:8/31/2019 12:00:00 AM
Bid Count:18
High Bidder:5****4
Starting Bid:$100.00
Bid Increment:$100.00
Current Bid:$4,350.00
Bidding complete

   BIDex Online Auction (PAID)

Operator:Marathon Oil
Monthly Net Income:$78.60 Per Month
Additional Information:The assets within this package reside in the Eagle Ford Shale within Karnes County, Texas.The Eagle Ford needs little introduction, being the largest oil and gas development in the world based on capital invested. The formation has redefined South Texas as a hotspot in the oil and gas industry with the formation supporting 116,000 local jobs and contributing $60 billion to the local economy.Over the past six months, there have 295 new permits to drill in Karnes County. Most of these permits fall in the western half of the county, where the assets in this package are located. There are roughly 5 rigs operating within a 3 mile radius of the subject wells, indicating extensive continued development of this area of the Eagle Ford. Check Documents for more details
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Karnes, Texas
United States

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