REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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TAR sells off South TX portfolio

Texas American Resources (TAR) recently sold its existing production, proved reserves and Eagle Ford and Austin Chalk oil development opportunities on its 55,000 net acres of leasehold to an undisclosed buyer for $135 million.

The property is spread across four South Texas counties – Dimmit, Frio, La Salle and Zavala.

TAR still owns and operates over 100 producing wells in the Texas Panhandle with net production of approximately 2,400 BOEPD that is 85 percent oil and NGLs.

Click to read TAR sells off South TX portfolio(GlobeSt.com, 8-14-14)

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