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Lone Oak Minerals retained EnergyNet for the sale of a 13-well package located in Wetzel County, W.V. The Lot# 102186 package includes a 0.510498% to 0.003048% royalty interest in nine producing wells and a 0.133962% to 0.019868% non-participating royalty interest in five producing wells operated by EQT Production Co.
Opportunity highlights:
- 0.510498% to 0.003048% RI in 9 Producing Wells
- Wellbore only
- 0.133962% to 0.019868% NPRI in 5 Producing Wells
- Wellbore only
- Current Average 8/8ths Production: 89,531 MCFPD
- Current Average Net Production: 73 MCFPD
- 5-Month Average Net Cash Flow: $15,826/Month
- Operator:
- EQT Production Company
- 81 Offset Permits
- New Drill: 16 Active | 2 Completed | 28 DUC | 33 Permitted
- 1,121 Active Offset Producers
- Select Area Operators:
- Blue Group Operating, Inc.
- Diversified Production, LLC
- Pillar Energy, LLC
- SWN Production Company
- Tug Hill Operating, LLC
Bids are due at 2:05 p.m. CDT on Feb. 9. For complete due diligence information, please visit energynet.com or email Zach Muroff, managing director, at Zachary.Muroff@energynet.com
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