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.
Certain oil and gas properties and related assets located in the Barnett Shale in North Texas including royalty interest and overriding royalty interest (ORRI) are being offering for sale. EnergyNet has been retained by The Miles Foundation, owner of the properties, as the exclusive adviser with the transaction.
Highlights:
- Royalty and ORRI in about 1,488 Properties:
- 7.72422% to 0.001483% Royalty Interest/ORRI
- 1,061 Producing Properties | 427 Non-Producing Properties
- 12-Month Average Net Income: $102,630/Month
- Next 12-month Non-Discounted Net Cash Flow: $1.56 million
- Six-Month Average 8/8ths Production: 107.962 MMcf/d of Gas and 384 bbl/d of Oil
- Select Operators include BKV Barnett LLC, Lime Rock Resources IV-A and Scout Energy Management LLC
- Access to the comprehensive Virtual Data Room: EnergyNet.com/property_information.pl?lot=72870
Sealed-bids are due by 4 p.m. CST Dec. 17. For complete due diligence information on either package visit energynet.com or email Zachary Muroff, vice president of business development, at Zachary.Muroff@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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