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A&D - PayRock Energy II retains BMO to shop Eagle Ford position - September 2019
EnCap-backed PayRock Energy II retained BMO Capital Markets to assist in the sale of its Eagle Ford assets. A buyer will acquire an operated 100% WI in 11,212 acres that are largely undeveloped in La Salle, Mcmullen and Dimmit counties, Texas. Net production in June was 2,371 boe/d (74% liquids) from four wells. An Eagle Ford exit would enable Payrock to devote more focus to its core Anadarko Basin operations. The acreage also has......
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