The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Black Falcon Energy LLC, as managing company for Jamestown Resources LLC, Larchmont Resources LLC and Pelican Energy LLC, retained EnergyNet for the sale of a Barnett Shale opportunity through a sealed-bid offering closing June 3.
The offering includes nonoperated working interest in 992 wells plus 786 undeveloped locations in North Texas across Dallas, Denton, Ellis, Hood, Johnson and Tarrant counties.
Highlights:
- Nonoperated Interest in 774 Wells:
- Average 2.48% Working Interest / Average 1.83% Net Revenue Interest
- 596 PDP Wells | 121 PDSI Wells | 56 PDNP Wells | 1 PDBP Well
- 218 Non-Consent Wells:
- 10 Casingpoint Elections | 64 New Drills | Three Recompletions | 141 Workovers
- 786 Undeveloped Locations:
- 783 PUDs | Three Probable
- Three-Month Average Net Income: $36,760/Month
- Six-Month Average 8/8ths Production: 276,447 Mcf/d of Gas
- Select Operators: Sage Natural Resources LLC, TEP Barnett USA LLC and XTO Energy Inc.
Bids are due by 4 p.m. CST June 3. For complete due diligence information on any of the packages visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
EnergyNet is also handling a Midcontinent nonop working interest package for Black Falcon Energy. Click here for further information.
Recommended Reading
STRYDE Awarded Seismic Supply Contracts in Mexico
2024-09-03 - STRYDE was awarded two seismic node supply contracts in Mexico, the company’s first projects in the country.
TGS Awarded 2D Survey in the Sumatra Basin
2024-09-09 - TGS’ Sumatra Basin seismic acquisition is expected to be completed by the end of 2024.
Range Resources Counters M&A Peer Pressure with Drilling Efficiencies
2024-11-14 - Range Resources doesn’t feel the need to give into M&A peer pressure as it focuses on the efficient development of its current asset base, President and CEO Dennis Degner tells Hart Energy.
No Good Vibrations: Neo Oiltools’ Solution to Vibrational Drilling Problems
2024-09-10 - Vibrations cause plenty of costly issues when drilling downhole, but Neo Oiltool’s NeoTork combats these issues, enhancing efficiency and reducing costs.
Adionics Unveils Lithium Extraction Technology For Recycled Batteries
2024-09-09 - The Paris-based company said its liquid-liquid process achieved lithium recoveries of up to 98% across a range of brine concentrations.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.