Marketed: West Virginia 188-well Package, HBP Leasehold, Pipelines

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.

Reserve Oil & Gas Inc. et al retained EnergyNet for the sale of a 188-well package in West Virginia through a sealed-bid offering closing Oct. 6.

The property, Lot# 97015, includes operations, overriding royalty interest (ORRI) and royalty interest plus HBP leasehold acreage and midstream pipelines in Calhoun, Kanawha and Roane counties in West Virginia.

Highlights:

• Operated Working Interest in 188 Wells:
  • Average Working Interest ~60.38% / Average Net Revenue Interest ~49.87%
  • An Additional ORRI in 153 Wells
  • An Additional Royalty Interest in 41 Wells
• Six-month Average Net Cash Flow: $279,003/Month
• Six-month Average 8/8ths Production: 2,405 Mcf/d
• Six-month Average Net Production: 1,270 Mcf/d
• 13,499.97 Net HBP Leasehold Acres:
  • 34 Undeveloped Locations | 1,360.00 Undeveloped Acres on HBP Leases
• ~40 Miles of Gas Gathering/Midstream Pipelines in Kanawha County, W.Va.:
  • Operated by United Gas Pipeline (UGP), Ajax Pipeline and Liberty Pipeline
• Operator Bond Required

Bids are due at 4 p.m. CDT on Oct. 6. For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Denna Arias, executive director of acquisitions and divestments, at Denna.Arias@energynet.com.