PP

STX Conventional + 3D Prospects

Producing Properties

All Standard Disclaimers Apply & Seller Rights Retained


BEE CO., TX ASSETS FOR SALE

61-Wells. 35-Producing. 6,388 Acres.

CONVENTIONAL SHALLOW TARGETS

YEQUA, COOK MTN, HOCKLEY, PETTUS

Significant Behind Pipe Recompletions

>60-Miles of 3-D Seismic Data Available.

2-RECENT PERMITS TO SPUD JAN 2020

33-Highly Delineated Drilling Locations

~100% OPERATED WI; ~78% NRI

Gross Production: 89 BOPD & 429 MCFD

NET CASH FLOW: ~$140,000/Mn

MOTIVATED SELLER. SEEKS TO RETIRE

Gross Prospect Rsrvs 5.2 MMBO & 1.8 BCF

Low Operating Expenses: ~$11,800/Mn

32-Pump Jacks; 15-Tank Battery Facility.

LATEST AUGUST '19 LOE AVAILABLE

CLOSE PENDING JANUARY 2020

PP 6220DV

Summary
Energy Advisors Group has been retained by ENCO Exploration Co. to assist in marketing their South Texas Conventional assets including ~6,388 acres with majority 100% Operated WI and ~78% NRI. The Seller is highly motivated to sell as he seeks to retire.

ENCO has interests in 61 vertical wells producing from multiple shallow formations: Hockley, Pettus, Yegua and Cook Mountain. During August 2019, the properties had gross sales of 2,701 BO & 12,415 MCF (28.6 MMCFE) and net sales of 2,071 BO & 8,306 MCF (20.7 MMCFE). Additionally, significant shallow behind pipe recompletion potential exists in many existing wellbores. Infrastructure exists on the properties with 15-tank battery facilities, 32-pumping units and 35-miles of pipeline.

During August 2019, the properties generated a 12-Mn average net cash flow of $137,130/Mn.

Large Inventory of Ready to Drill 3-D Seismic Prospects

2-Recent Permits on the Property Scheduled to Spud December 1, 2019 and January 1, 2020.

A total of 33 highly delineated 3-D vertical prospect locations exist on several thousand leased acres with immediate reserve potential of ~5.2 MMBO & ~1.8 BCF. These prospects are targeting multiple high-impact shallow formations (3,000-5,375') with 90% of the drill-site locations containing 2-5 targeted productive sands (Hockley, Pettus, Yegua, Cook Mountain and others).

With over 60-miles of Western 3-D seismic data across the position, these prospects are highly delineated. 3-D seismic data and prospects are available for review at ENCO Exploration offices once confidentiality agreement has been executed.

Contact Energy Advisors Group to set up an appointment to review data.




TO LEARN MORE
Energy Advisors Group
Mr. Blake Dornak
A&D Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
USA
Phone: 713-600-0123 and Fax: 713-600-0138 Direct: 713-600-0169 Cell: 903-390-6803
Email: [email protected]

Questions Regarding This Asset? Email Blake Dornak or call EAG at 713-600-0123
Virtual Data Room

BEE CO., TX ASSETS FOR SALE

61-Wells. 35-Producing. 6,388 Acres.

CONVENTIONAL SHALLOW TARGETS

YEQUA, COOK MTN, HOCKLEY, PETTUS

Significant Behind Pipe Recompletions

>60-Miles of 3-D Seismic Data Available.

2-RECENT PERMITS TO SPUD JAN 2020

33-Highly Delineated Drilling Locations

~100% OPERATED WI; ~78% NRI

Gross Production: 89 BOPD & 429 MCFD

NET CASH FLOW: ~$140,000/Mn

MOTIVATED SELLER. SEEKS TO RETIRE

Gross Prospect Rsrvs 5.2 MMBO & 1.8 BCF

Low Operating Expenses: ~$11,800/Mn

32-Pump Jacks; 15-Tank Battery Facility.

LATEST AUGUST '19 LOE AVAILABLE

CLOSE PENDING JANUARY 2020

PP 6220DV

Summary
Energy Advisors Group has been retained by ENCO Exploration Co. to assist in marketing their South Texas Conventional assets including ~6,388 acres with majority 100% Operated WI and ~78% NRI. The Seller is highly motivated to sell as he seeks to retire.

ENCO has interests in 61 vertical wells producing from multiple shallow formations: Hockley, Pettus, Yegua and Cook Mountain. During August 2019, the properties had gross sales of 2,701 BO & 12,415 MCF (28.6 MMCFE) and net sales of 2,071 BO & 8,306 MCF (20.7 MMCFE). Additionally, significant shallow behind pipe recompletion potential exists in many existing wellbores. Infrastructure exists on the properties with 15-tank battery facilities, 32-pumping units and 35-miles of pipeline.

During August 2019, the properties generated a 12-Mn average net cash flow of $137,130/Mn.

Large Inventory of Ready to Drill 3-D Seismic Prospects

2-Recent Permits on the Property Scheduled to Spud December 1, 2019 and January 1, 2020.

A total of 33 highly delineated 3-D vertical prospect locations exist on several thousand leased acres with immediate reserve potential of ~5.2 MMBO & ~1.8 BCF. These prospects are targeting multiple high-impact shallow formations (3,000-5,375') with 90% of the drill-site locations containing 2-5 targeted productive sands (Hockley, Pettus, Yegua, Cook Mountain and others).

With over 60-miles of Western 3-D seismic data across the position, these prospects are highly delineated. 3-D seismic data and prospects are available for review at ENCO Exploration offices once confidentiality agreement has been executed.

Contact Energy Advisors Group to set up an appointment to review data.




TO LEARN MORE
Energy Advisors Group
Mr. Blake Dornak
A&D Associate
5120 Woodway Dr Ste 10010
Houston, TX 77056
USA
Phone: 713-600-0123 and Fax: 713-600-0138 Direct: 713-600-0169 Cell: 903-390-6803
Email: [email protected]

Questions Regarding This Asset? Email Blake Dornak or call EAG at 713-600-0123