ReCoil Resources Marketing Atascosa / Wilson County Eagle Ford Assets

Energy Net just published an asset sale for the referenced property. Link below.

Includes production from 12 wellbores / all 100% WI and 76% NRI

Average recent production of 511 BOPD gross / 395 BOPD net

Net Operating margin of $1.07 Million per month

PDP PV-10 $22.9 Million

PDP Net reserves of 821 MBOE

Watch Trinity go after this one.

Energy%20Net%20Recoil%20EF%20Asset%20sale.pdf

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Permalink Reply by Mark on November 14, 2022 at 6:57pm

See attached map. Looks like the SW most 12 wells in their 130+ well EF producing position

.ReCoil%20EF%20Production.png

Permalink Reply by James C. Maxwell on November 15, 2022 at 11:09am

Thanks, Mark.  This is probably not good news for me, unless Trinity or others have lots of cash, but I appreciate the info.

Permalink Reply by Mark on November 15, 2022 at 11:13am

ReCoil looking to divest their lower performing properties is a normal move for a trend like this. EOG has done it as have every other trend operator.

Plus here is that the future buyer is coming in to make more of their purchase.

Still proven oil in the ground with undrilled locations, albeit not as great as it is in some areas of the Eagle Ford.

There's that geology thing again!LOL

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