Eagle Ford 2 - Producing Royalties
Lot Number:3
Completed
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
County:Karnes
State:Texas
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
No donations for this lot
Karnes, Texas
United States
United States
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