The third iteration of the San Antonio-based GulfTex Energy franchise has sold South Texas acreage and producing wells in one of the most prolific areas of the Eagle Ford oil window to a private company for $501 million. The assets sold by GulfTex Energy III and its affiliate GulfTex Karnes EFS include 4,198 net acres (6,228 gross, 75% HBP) primarily in Karnes County with additional tracts in Atascosa and Gonzales counties. As of the March 1 effective date, 35 Lower Eagle Ford and three Austin Chalk wells had net production of 8,568 boe/d (76% oil, 11% NGLs), CEO Brad Jauer told PLS.