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.
Sabine River Energy LLC and Flatonia Energy LLC retained EnergyNet for the sale of an Eagle Ford Shale well package through an auction.
The offering includes working interest in seven producing wells in Atascosa, Frio and Wilson counties in South Texas. Operators include affiliates of Earthstone Energy Inc., Cinco Oil & Gas LLC and Recoil Resources Operating Inc.
Highlights:
- Operated Working Interest in 4 Producing Wells:
- 100.00% WI / 76.230594% to 75.00% NRI
- Operator: Earthstone Operating, LLC
- Nonoperated Working Interest in 3 Producing Wells:
- 50.00% to 33.3334% WI / 37.50% to 25.00% NRI
- Operators: Cinco Oil & Gas LLC and Recoil Resources Operating Inc.
- Six-month Average Net Income: $35,088/Month
- Six-month Average 8/8ths Production: 70 bbl/d of oil and 81 Mcf/d of gas
- Six-month Average Net Production: 33 bbl/d of oil and 49 Mcf/d of gas
- Operator Bond Required
- Lien to be Released at Closing
The auction closes at 1:40 p.m. CDT on June 22. For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
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