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[STK]
[IN] FIN OIL GAS
[SU]
TO BUSINESS, AND ENERGY EDITORS:
Crude Royalties Announces Availability of $14 Million Crude-Babylon
Oil & Gas Royalty Income Property
DALLAS, April 3, 2014 /PRNewswire/ -- Crude Royalties, an energy firm
specializing in acquiring and managing royalty properties with proven
production histories and significant upside potential, announced today
the availability of its latest oil & gas royalty income property, the
Crude-Babylon.
The $14 million Crude-Babylon royalty property consists of over 33,000
gross acres of Mineral Interests, Royalty Interest and Overriding
Royalty Interests producing monthly cash flow in excess of $117,000
per month. The Crude-Babylon property encompasses 1,094 producing oil
and gas wells with additional permitted PUDS. The wells span 22
counties throughout 7 states and 39 land tracts and are managed by 37
different operators. The property's monthly production consists of 79%
oil and 22% natural gas and includes all the behind the pipe assets
and deeper formations.
"These are high value assets with publically-traded operators who know
how to fully develop and monetize the potential of these wells," said
Parker Hallam, President of Crude Royalties. Hallam added, "These
wells are situated in the Marcellus Shale, the Bakken Shale and in the
heart of the most prolific producing areas of the United States and
have been engineered to ensure they are going to produce for more than
50 years."
For more information on this and other activities of the Company, see
the Crude Royalties website at www.cruderoyalties.com
Crude Royalties acquires and manages oil and gas royalty properties
all over the United States.
About Crude Royalties
Founded in 2007, 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 for quality, energy-based replacement property for real estate
investors seeking to complete a 1031 Exchange and for accredited
investors seeking cash flow.
Contact:
Jennifer Jones Crude Royalties Corporation 214-716-2200 Email
www.crude.com
Read more news from Crude Royalties Corporation.
SOURCE Crude Royalties Corporation
-0- 04/03/2014
CO: Crude Royalties Corporation
ST: Texas
IN: FIN OIL GAS
PRN
-- PH97030 --
0000 04/03/2014 12:35:00 EDT http://www.prnewswire.com
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