| In the
News |
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NEWS
OF RECENTLY COMPLETED SUCCESSFUL TRANSACTIONS:
Riviera has recently successfully negotiated the Sale for
RUWCO Oil & Gas Corp. Pecos County, TX. 101 BOPD, 2536
MCFPD, $428,736 Net/Mo.
Riviera has recently successfully negotiated the Sale for
Larron Energy Corp. Farmer Field, Crockett & Reagan Counties,
TX. (72) BOPD, 242 MCFPD, $80,160 Net/Mo.
Riviera has recently successfully negotiated the Sale of a
Non-Operated Interest, Wolfcamp/Spraberry Field, Upton County,TX.
260 BOPD, 500 MCFPD, 16,000 Net/Mo, 115 Well Drlg. Program.
Riviera has recently successfully negotiated the Sale for
T. Russel Operating, Inc., Stephens & Shackelford Counties,
TX. (71) BOPD, (1.7) MMCFPD, $343,000 Net/Mo.
Riviera has recently successfully negotiated the Sale for
Caprock Oil & Gas. Carm-Ann Field, Andrews-Gaines Counties,
TX. 526 BOPD, 265 MCFPD, $245,000 Net/Mo.
Riviera has recently successfully negotiated the Sale for
Discovery Exploration, Trinity Field, Lea County, NM., 1060
BOPD, 2230 MCFPD, $465,000 Net/Mo.
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10-23-06
– “We want to thank you for coming by to visit
us at the PBIOS in Odessa, Texas during October, 2006. We
look forward to handling your acquisition & divestiture
needs in the future.” |
“Riviera
Energy Corporation Sells $30 Million in June 2006”
Press Release
Riviera Energy Corporation has totaled approximately $30,000,000
in sales for the month of June 2006. The sales consisted of
transactions from three companies: Ruwco Oil and Gas Corporation
from Austin, Texas, Larron Energy Corporation out of Chicago,
Illinois, and OGP-Sonora, L.P. from Dallas, Texas. The properties
sold were located from South Texas to the Permian Basin and
West Texas…..
Click
here to get the rest of the story! |
“*Update*
– 2-19-06 – OGP Sonora-LP and Riviera Energy reevaluated
the Kimble & Sutton Counties, Texas properties”
Press Release
*New* – *Update* – 2-19-06 – OGP Sonora-LP and Riviera
Energy reevaluated the Kimble & Sutton Counties, Texas
properties and have adjusted the asking price to $3.5M w/3-1-06
effective date. Properties will be sold to first qualified
buyer with an acceptable offer with 10% deposit down…..
Click
here to get the rest of the story! |
“Riviera
selling properties in Kimble, Sutton, Maverick and Frio counties”
From Staff Reports
Midland Reporter-Telegram
01/29/2006
Riviera Energy Corporation of Midland, an oil and gas transaction
advisory firm, has been exclusively retained to sell certain
oil and gas properties. The company is offering for sale operated
interest in the Sawyer, Fort Terrett Ranch and Shajumar Fields
located in Kimble and Sutton, Counties, Texas, between the
cities of Sonora and Junction.
Click here to get the rest
of the story! |
“Riviera
Energy Corporation, a Midland, Texas based oil & gas transaction
advisory firm, has been exclusively retained to sell certain
oil and gas properties for OGP-Sonora”
1/18/2006
Riviera Energy Corporation, a Midland, Texas based oil &
gas transaction advisory firm, has been exclusively retained
to sell certain oil and gas properties for OGP-Sonora, L.P.
OGP is offering for sale its operated interest in the Sawyer,
Fort Terrett Ranch and Shajumar Fields located in Kimble and
Sutton, Counties, Texas, between the cities of Sonora and
Junction.
Click here to get the rest
of the story! |
“Riviera
Energy Corporation, a Midland, Texas based oil & gas transaction
advisory firm, has been exclusively retained to sell certain
oil and gas properties for the Dolphin Petroleum, L.P. Dolphin
Petroleum, L.P. is offering for sale its operated interest
in certain properties located in Maverick and Frio Counties,
Texas.”
1/18/2006
Click here to get the rest
of the story!
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| “RIVIERA ENERGY COMPLETES
THE SALE OF STEPHENS AND SHACKELFORD COUNTY PROPERTIES FOR
T. RUSSELL OPERATING, INC.”
Staff Report – Midland Reporter-Telegram – 10/17/2005
Riviera Energy Corporation, a Midland Texas based oil &
gas transaction advisory firm announces the completion of
the sale of operated interest in certain properties located
in Stephens and Shackelford Counties, Texas for T. Russell
Operating, Inc.
The divestment package consisted of (26) leases covering a
total surface area of 3,689+- acres with (27) producing gas
wells, (6) producing oil wells, (9) water injection or SWD
wells, and (3) temporarily abandoned wells. The working interest
sold was 100% with a NRI of 81%. Current gross production
is 1.7 MMcfpd, 71 Bo/cpd and 1500 Bwpd.
Click here to get the rest
of the story!
|
| “T.
RUSSELL OPERATING SELLING PROPERTIES IN STEPHENS, SHACKELFORD
COUNTIES.”
Staff Report – Midland Reporter-Telegram – 05/22/2005
For sale are 26 leases covering a total surface area
of over 4,093 acres. Production is from various formations,
including the Strawn, Caddo Lime, Conglomerate, Marble Falls,
Lake Sand, Duffer Lime, Mississippian Reef and Ellenburger.
The Barnett Shale is present above the Ellenburger but has
not been produced in the area. Mud logs through the Barnett
Shale indicate it contains gas. Producing depths range from
2,800 to 4,500 ft. All depth rights are being sold. CLICK HERE FOR THE REST OF THE STORY.
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“RIVIERA
ENERGY COMPLETES THE SALE OF SCHLEICHER COUNTY PROPERTIES FOR
TRIAG ENERGY OPERATING. ”
Staff Report – Midland Reporter-Telegram
Riviera Energy Corporation, a Midland, Texas based oil &
gas transaction advisory firm, announces the completion of the
sale of Triag Energy Operating, Inc. and Northport Production’s
Neva West (Strawn) Unit properties located in north central
Schleicher County, Texas near the community of Hulldale.
The
divestment package consisted of one property, with a total
land position of 2,657 acres. The divestment included (20)
active wells and was operated by Triag. The Working Interest
sold was 100% with an NRI of 86.3%. The production sold is
59 BOPD and 104 MCFPD from the Strawn formation at approximately
6,000′.
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“Riviera
Energy prepares Winkler & Ward County Divestiture Package”
Staff Report – Midland Reporter-Telegram
Riviera Energy Corporation, a Midland, Texas based oil &
gas transaction advisory firm, has been exclusively retained
by Just Oil & Gas to divest its operated interest in properties
located in Ward and Winkler Counties, Texas.
Total
gross production for the package is approximately 73 BOPD
& 435 MCFPD.
The
divestiture package is currently being prepared and should
be available in mid-January.
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RIVIERA
ENERGY COMPLETES THE SALE OF ASSETS FOR CAPROCK OIL AND GAS,
INC.
Staff Report – Midland Reporter-Telegram – 10/18/04
Riviera Energy Corporation, a Midland, Texas based oil &
gas transaction advisory firm, announces the completion of the
sale of Caprock Oil and Gas, Inc. and certain working interest
party’s interest in the Carm-Ann and Means (San Andres) Fields
located in Gaines and Andrews Counties, Texas.
The
sale consisted of Operated interest in various properties.
There were (67) Operated wells in the package producing 526
BOPD and 265 MCFPD (8/8) from the San Andres and Queen formations.
The Queen Sand is found at 4,200 ft and the San Andres at
4,600 to 4,800 ft.
The
package for Caprock Oil and Gas, Inc. consisted of (26) leases
covering total surface area of 5,360 acres. The Queen formation
was previously waterflooded, and a third party engineering
study concluded that there is additional, significant secondary
recovery potential in the Queen as well as in the San Andres.
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RIVIERA
ENERGY COMPLETES THE SALE OF HOCKLEY COUNTY PROPERTIES FOR DISCOVERY
OPERATING
Staff Report – Midland Reporter-Telegram – 9/19/04
Discovery Operating Inc. has completed the sale of its
Whitharral field properties in Hockley County 13 miles northeast
of Levelland.
The
sale included four leases totaling 640 acres. Each lease had
one active pumping oil well producing from the Lower Clearfork
at 6,800 ft. All four leases were operated by Discovery. Working
interest sold was 100 percent with an average NRI of 79 percent.
Riviera
Energy Corp., a Midland-based oil and gas transaction advisory
firm, handled the sale for Discovery.
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RIVIERA
ENERGY MARKETS MULTIPLE ANDREWS/GAINES COUNTY TEXAS ASSETS
Staff Report – Midland Reporter-Telegram
Riviera Energy Corporation, a Midland, Texas based oil &
gas transaction advisory firm, has been exclusively retained
to divest two separate packages located in Andrews and Gaines
Counties, Texas. The interests are being offered by Caprock
Oil and Gas, Inc. and Raw Oil and Gas, Inc. The
Caprock Oil and Gas Package is a divestment in the company’s
operated interests in the Carm-Ann and Means (San Andres)
Fields located in Gaines and Andrews Counties, Texas. There
are (67) Operated wells in the package producing 526 BOPD
and 265 MCFPD (8/8) from the San Andres and Queen formations.
The Queen Sand is found at 4,200 ft and the San Andres at
4,600 to 4,800 ft.
Working
Interest varies for this package; however Net Operating Income
to the interest being sold averaged $182,000 per month from
April 2003 through March 2004. Net production for May 2004
was 302 BOPD and 148 MCFPD with 326 BOEPD.
Caprock
Oil and Gas, Inc. is offering (26) leases covering total surface
area of 5,360 acres in the package.
The
Queen formation was previously waterflooded, and a third party
engineering study concluded that there is additional, significant
secondary recovery potential in the Queen as well as in the
San Andres.
Riviera
Energy Corporation is also assisting Raw Oil and Gas, Slaton,
Texas in a divestment of their interest in Block A-34 and
Means Field, Andrews County, Texas.
The
sale consists of Operated interest in various properties.
There are (22) Operated wells in the package producing 150
BOPD San Andres & Glorieta formations. Raw is offering
for sale a 100% Working Interest with a 75%, NRI.
The
properties have significant secondary recovery potential and
offset a large waterflood project that is currently being
implemented.
The
complete package for sale by RAW Oil and Gas will offer 1,150
total acres.
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RIVIERA
ENERGY COMPLETES SALE OF LEA COUNTY ASSETS FOR DISCOVERY EXPLORATION
AND NORTHSTAR OPERATING
Staff Report – Midland Reporter-Telegram
Riviera Energy Corporation, a Midland, Texas based oil &
gas transaction advisory firm, announces the completion of the
divestiture of various interests in the Trinity Field for Discovery
Exploration, NorthStar Operating, and various working interest
partners. The Trinity Field is located in Lea County, New Mexico
approximately (14) miles west of the City of Tatum.
The
Trinity Field assets included (2) operated wells producing
397 BOPD and 713 MCFPD from the Wolfcamp formation at 6,100′.
NorthStar Operating and Discovery Exploration’s divested interest
consists of a 93.75% Working Interest with an 82.5%, 8/8ths
NRI. Net Operating income from the operated wells averages
an estimated $400,000 per month.
The
divestment also includes (8% to 12.5%) non-operated working
interest on (9) producing wells in the Trinity Field. Production
for the non-operated wells is 700 BOPD and 1,300 MCFPD (8/8ths),
also from the Wolfcamp formation. The Net Income from the
Non-Operated interests averages an estimated $70,000 per month.
The
total package offered combined (8/8ths) production of approximately
1097 BOPD and 2.13 MMCFD with a NET income on the interest
sold of approximately $470,000.00 per month.
The
effective date for the divestiture is July 1, 2004.
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RIVIERA
ENERGY COMPLETES SALE FOR CROWNQUEST OPERATING, LLC
Staff Report – Midland Reporter-Telegram 5/25/04
Riviera Energy Corporation, a Midland, Texas based oil
& gas transaction advisory firm, announces the completion
of the divestiture of the East Hobbs San Andres Unit for Midland-based
CrownQuest Operating, LLC, Inc. to Arena Resources, Inc. (Tulsa).
The Unit is located in Lea County, New Mexico approximately
(2) miles east of the City of Hobbs.
Current
production for the East Hobbs San Andres Unit is approximately
270 Bopd, 320 Mcfpd and 1,800 Bwpd. There are (21) active
pumping oil wells, and a complete disposal system on the unit.
The unitized area encompasses 920 acres. Production is from
the San Andres formation found at an average depth of 4,500′.
Net pay averages 146 feet. The twelve original leases in the
East Hobbs San Andres Field were unitized for the purpose
of developing an 40-acre five spot waterflood. The effective
date of the Unit was March 1, 2004.
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Riviera
Energy Retained to Divest Runnels County Production for JH Oil
Company – use the attached press release for JH…..
Staff Report – Midland Reporter-Telegram 5/25/04
Riviera Energy Corporation, a Midland, Texas based oil
& gas transaction advisory firm, has been exclusively retained
by JH Oil, Inc. of Midland to divest it’s operated interest
in the Busher Field located in Runnels County, Texas approximately
seven miles north west of the City of Ballinger.
There
are four leases in the package with a total land position
of 868 acres. The leases have a total of eight active pumping
oil wells. All leases are operated by JH Oil, Inc.. Working
Interest for sale is 100% with an average NRI of 75%. Production
is from the Morris Sand or Cross Cut Sand at 3,850′ with one
well producing from the Palo Pinto Sand at 3,688′. JH has
identified the Palo Pinto behind pipe in the other wells and
there are three additional development locations on the leases.
Secondary recovery is also a possibility from the leases,
and the field has been identified as an attractive waterflood
candidate.
Gross
production for the Runnels County divestment is 30 BOPD and
60 MCFPD. 2003 operating income averaged approximately $20,943
per month.
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