One-Page Deal Sheet
Escondido Resources Acquires South Texas Properties
Not Disclosed Not Disclosed
Announced Date
July 31,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
13
Location
Calculated Metrics( EV/Category)
Country
United States
State
Texas
County
Webb ,Dimmit
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Escondido Resources, LP, has increased its presence in the Olmos trend in La Salle, Dimmit and Webb counties in South Texas. The Company announces the closing earlier this month of an acquisition of producing oil and gas properties in Webb and Dimmit counties for $13,200,000 from an undisclosed private seller.
The acquired properties have current net production of 1.2 million cubic feet of gas equivalent per day and 3,700 net acres. The Company also announces it has acquired new leasehold acreage in Dimmit and La Salle Counties totaling in excess of 60,000 net acres. This new acreage is near…
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