Breck Operating To Sell Austin Chalk, Buda, Navarro Assets

Breck Operating Corp. is selling operated assets covering roughly 3,400 gross undeveloped acres in the Austin Chalk, Buda and Navarro formations.

The package is located in Milam County, Texas. The Oil & Gas Asset Clearinghouse is the exclusive technical, marketing and transaction advisor for the sale.

Highlights:

  • 3,412 gross (2,593 net) contiguous acreage position;
  • 76% net royalty interest;
  • Austin Chalk, Buda and Navarro formations;
  • All rights, all depths; and
  • Recent permit activity by Halliburton Co. (NYSE: HAL), Trustar Operating Co. Inc. and Three Forks Operating Co. LLC.

Data room opens early September, Bids are due Oct. 9. For information contact Lynn McMaster , Clearinghouse executive assistant, at 832-601-7636.