Marketed: South Texas Operated Working Interest Package, Willacy County

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.

Safari Production Co. Inc. retained EnergyNet for the sale of the Petru, V.A. Lease in South Texas through an auction closing Feb. 14. The package includes 100% gross working interest with operations plus 720 net leasehold acres in Willacy County, Texas.

Highlights:

• Operated Working Interest in Petru, V.A. Lease:
  • 100.00% Working Interest / 78.423558% Net Revenue Interest
  • Five Producing Wells | Two Non-Producing Wells
• Six-Month Average 8/8ths Production: 558 Mcf/d of Gas and 16 bbl/d of Oil
  • The Petru 6 began producing 600+ Mcf/d in mid November
• Five-Month Average Net Income: $31,449/Month
  • Projected December 2020 Net Income: $100,118
• 720.00 Net Leasehold Acres
• Operator Bond Required

Bids are due by 1:35 p.m. CST Feb. 14. For complete due diligence information on either package 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.