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Kaiser-Francis Oil Co. retained EnergyNet for the sale of an operated well package across West Texas through a sealed-bid offering closing Jan. 6. The offering includes operated working interest in 19 wells including one saltwater disposal well plus HBP leasehold acreage in Andrews, Pecos, Ward, Winkler and Yoakum counties, Texas.
Highlights:
- Operated Working Interest in 19 Wells:
- Average 82.54% Working Interest / 61.70% Net Revenue Interest
- 15 Producing Wells | One Active Injection Well | Three Non-Producing Wells
- Six-month Average 8/8ths Production: 109 bbl/d of Oil and 252 Mcf/d of Gas
- Eight-month Average Net Cash Flow: $64,537/Month
- ~958.00 Net HBP Leasehold Acres
- Operator Bond Required
Bids are due at 4 p.m. CST on Jan. 6. Bids are due by 4 p.m. CST on Dec. 15. For complete due diligence information on any of the packages 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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