Marketed: Pantera Energy Oklahoma Panhandle Property Package

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.

Pantera Energy Co. retained EnergyNet for the sale of a nonoperated and royalty property package located in the Oklahoma Panhandle through an auction closing Dec. 15.

The offering comprises 13 properties and includes nonoperated working interest, overriding royalty interest (ORRI) and royalty interest in Oklahoma’s Texas County.

Highlights:

• Nonoperated Working Interest in Seven Producing Properties:
  • 56.25% to 1.00% Working Interest / 49.21875% to 0.875% Net Revenue Interest
  • An Additional ORRI in Three Properties
  • An Additional Royalty Interest in the West Hough Morrow Unit
• ORRI in Six Producing Properties:
  • 19.14063% to 6.3802% ORRI
• Six-month Average 8/8ths Production: 69 bbl/d of Oil and 277 Mcf/d of Gas (Includes Unit Production)
• Six-month Average Net Income: $53,961/Month
• Select Operators include BCE-Mach III LLC, Breitburn Operating LP and XTO Energy Inc.
• Further Subject to Oklahoma State Sales Tax
• Lien to be Released at Closing

Bids are due by 2:30 p.m. CST on Dec. 15. For complete due diligence information on any of the packages visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.