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CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of an overriding royalty interest in the J. H. Kurth Jr. B-lease wells located in Newton County, Texas. The Lot# 102382 package includes six-month average net production of 6 bbl/d and 3 MMcf/d, yielding approximately $17,717/month in average net income over six months.
Opportunity highlights:
- Overriding Royalty Interest in the J. H. Kurth Jr. -B- Lease (3 Wells):
- 0.60% ORRI
- 6-Month Average Net Income: $17,717/Month
- 6-Month Average 8/8ths Production: 977 BOPD and 541 MCFPD
- 6-Month Average Net Production: 6 BOPD and 3 MCFPD
- Operator: Foundation Energy Management, LLC
Bids are due at 2:05 p.m. CDT on Feb. 14. For complete due diligence information, please visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
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