DALLAS--(BUSINESS WIRE)--Crude Royalties LLC (the “Company”), an energy firm specializing in acquiring and managing royalty properties with proven production histories and significant upside potential, announces the availability of its latest oil and gas royalty income property: The Crude-Abraham.
The Crude-Abraham royalty property consists of more than 3,125 gross acres of mineral interests, royalty interests and overriding royalty interests in Brazos County, Texas, located in the prolific Eagle Ford shale formation.
The Crude-Abraham property encompasses eight producing oil and gas wells with additional proven undeveloped opportunities. Managed by Halcon Resources Corporation, the combined monthly production consists of 95% oil and 5% natural gas, including all the behind-the-pipe assets and deeper formations.
“This is the second best buying opportunity for royalties I’ve seen in my career,” says Parker Hallam, Crude Royalties President. “Investors who add royalties now should be in solid position to enjoy the next upside movement of oil prices, plus the assets themselves were acquired at a discount due to the nervousness of 2014, so that combination makes this a remarkable prospect for those interested in adding oil and gas income to their asset base,” Hallam added.
For more information on this and other activities of the Company, see Crude Royalties website at www.cruderoyalties.com.
Crude Royalties acquires and manages oil and gas royalty properties across the United States.
About Crude Royalties LLC
Crude Royalties is engaged in the acquisition of high-quality, long reserve-life portfolios of oil and gas royalties, and packages these deeded-interests for accredited investors. Crude Royalties maintains a staff of landmen, geoscientists, geologists and petroleum engineers to evaluate the income potential and expected reserve-life of royalty prospects. Crude Royalties is a consistent source of quality energy-based replacement property for real estate investors seeking to complete a 1031 Exchange and for accredited investors seeking cash flow.