Marketed: Foundation Energy Management Well Package, Various Texas Counties

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.

Foundation Energy Management LLC retained EnergyNet for the sale of a 117 well package, including operations and nonoperated working interest, throughout Texas through a sealed-bid offering closing Sept. 16.

Highlights:

• Operated Working Interest in 106 Wells:
  • 100.00% to 25.00% Working Interest / 87.50% to 19.3125% Net Revenue Interest
  • 48 Producing Wells | Two Saltwater Disposal Wells | Eight Water Injection Wells | 48 Non-Producing Wells
• Nonoperated Working Interests in 11 Wells:
  • 100.00% Working Interest / 80.96767% Net Revenue Interest in the La-Pan Gas Storage Unit
  • 6.25% Working Interest / 4.38281% Net Revenue Interest in the Producing Overton #1 Well
  • 0.298443% Working Interest / 0.223832% Net Revenue Interest in the Producing Curtis Unit #1 Well
  • Operators include Amplify Energy Operating LLC, Arcadia Resources Inc. and Atmos Pipeline - Texas
• Six-month Average 8/8ths Production: 98 bbl/d of Oil and 430 Mcf/d of Gas
• Five-month Average Net Income: $38,801/Month
• Operator Bond Required

Bids are due by 4 p.m. CST on Sept. 16. For complete due diligence information on any of the packages visit energynet.com or email Zachary Muroff, vice president of business development, at Zachary.Muroff@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.