Meagher Energy Advisors has been retained to sell assets in the northwestern Louisiana Hosston/Cotton Valley play.
The package includes 100% working interest (72% net revenue interest) in approximately 2,640 net acres in eight contiguous sections of East Holly Field in DeSoto Parish. All leases are held-by-production with newly drilled Haynesville wells and cover rights above the case of the upper Bossier formation.
Estimated net remaining reserves as of Dec. 31, 2010, were 226,370 barrels of oil and 60.15 billion cubic feet of gas.
Upside includes 128 possible undeveloped operated locations on 40-acre spacing, with seller working interest in spacing units ranging from 15% to 100%. There is more than 50% working interest in four sections
The bid due date is Oct. 12. The effective date is Oct. 1. Contact Julia Foster, 303-721-6354 ext. 229, jfoster@meagheradvisors.com.
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