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.
Kaiser-Francis Oil Co. retained EnergyNet for the sale of a 111 well package of nonoperated working interest and royalty interest through an auction closing Feb. 16. The assets are located across the Texas Panhandle in Hemphill, Ochiltree, Roberts and Wheeler counties, Texas.
Highlights:
- Nonoperated Working Interest in 110 Wells
- Average Working Interest of ~11.46% / Average Net Revenue Interest of ~10.15%
- 44 Producing Wells | 66 Non-Producing Wells
- 46 Wells Include a Royalty Interest
- Three Wells are After Payout Only
- Royalty Interest in the Non-Producing Teas 4304 Well:
- 2.35838% Royalty Interest
- Converts to Nonoperated Working Interest After Payout
- Six-month Average 8/8ths Production: 3,299 Mcf/d of Gas and 13 bbl/d of Oil
- Six-month Average Net Cash Flow: $8,917/Month
- ~1,875 Net Acres
Bids are due at 1:30 p.m. CST on Feb. 16. For complete due diligence information on either package visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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