Sundance Gains McMullen County Property

$15.5 Million Deal for 5050 Acres and 27 Wells
Sundacne Energy  Acquires Eagle Ford Assets

Sundance Energy Acquires Eagle Ford Assets

Sundance Energy announced yesterday that they have closed on the purchase of Eagle Ford Shale assets in McMullen County, Texas.

Related: Sundance Energy Focuses on Eagle Ford

Australia’s Sundance Energy closed on the deal July 29th as part of a major growth strategy focusing on the Eagle Ford. The $15.5 million transaction included 27 gross (9.6 net) wells. Other details include:

  • 5050 Acres in McMullen County Texas
  • Total proved reserves of 3 MMboe, 1.4 MMboe of which are attributed to producing wells
  • Expected production of 600 barrels of oil equivalent per day (boe/d) to 700 boe/d for the remainder of 2016

The is the third venture for Sundance in the Eagle Ford. The company also operates Choke Canyon Reservoir located in McMullen, Live Oak and Atascosa Counties and the Redemption Project located in Dimmit County. Before the announcement of this purchase, Sundance reported on their website that they held ~40,000 net acres in the Eagle Ford.

Sundance has other projects in South Texas including Choke Canyon Reservoir located in McMullen, Live Oak and Atascosa Counties and the  Redemption Project located in Dimmit County.

Read more at sundanceenergy.com.au

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Elizabeth Alford

Elizabeth Alford

Elizabeth Alford writes on significant news developments in the Eagle Ford oil and gas play taking place across South TX. She is a freelance writer with an extensive communications, PR, and staff writing background.
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