South Texas 55,000-acre oil portfolio sold for $135M South Texas 55,000-acre oil portfolio sold for $135M https://www.recenter.tamu.edu/news/newstalk-texas/?Item=33462014-08-18T06:57:00Z2014-08-18T00:00:00Z

DIMMIT, FRIO, LA SALLE, ZAVALA COUNTIES - Texas American Resources (TAR) has sold its South Texas oil property portfolio to an undisclosed buyer for $135 million.

The sale includes the TAR's existing production, proved reserves and Eagle Ford and Austin Chalk oil development opportunities on its approximate 55,000 net acres of leasehold in Dimmit, Frio, La Salle and Zavala Counties.

Following the sale, TAR 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.

San Antonio-New Braunfels
http://www.globest.com/news/12_923/southwest/acquisitions_dispositions/TAR-Sells-Off-South-TX-Portfolio-349300.htmlRead more at {Source}

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