Patriot Royalties Inc., part of Patriot Energy Inc., offered the Patriot-Liberty package of more than 3,125 gross acres of in Brazos County, Texas, the company said March 24.
The Eagle Ford acreage contains eight wells currently producing 40,000 barrels of oil and 13 million cubic feet of gas per month. There are also additional proven undeveloped opportunities, the company said.
Two new wells are currently in the drilling phase.
Houston-based Halcon Resources Corp. (NYSE: HK) operates the property.
Michael Miller, Patriot Energy’s president, said the area primarily produces oil and about 5% natural gas.
Dallas-based Patriot Energy Inc. handles working and royalty interests for private investors.
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