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AUSTIN — Texas American Resources LLC has sold its south Texas properties to an undisclosed buyer for $135 million. The sale includes the company’s existing production, reserves and Eagle Ford and Austin Chalk oil development opportunities on its 55,000 acres of leasehold in Dimmit, Frio, La Salle and Zavala counties. The company plans to use the proceeds from the sale to repay debt, flow back equity to its partners and accelerate development on its Texas Panhandle assets.