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.

ConocoPhillips Co. retained EnergyNet for the sale of a Louisiana Austin Chalk leasehold position through a sealed-bid offering closing Oct. 17.

The offer includes assets in Avoyelles, East Baton Rouge, East Feliciana, Livingston, Pointe Coupee, St. Helena, St. Landry, West Baton Rouge and West Feliciana parishes.

Highlights:

  • Large Contiguous Leased Acreage Position
    • About 234,000 Net Acres
    • About 100% Working Interest with low lease burdens
    • 99% Fee leases
    • Majority of leases expire late 2020-2022
      • Built-in option to extend on majority of acreage
    • Majority of acreage includes all depths: about 41,000 net acres limited to Austin Chalk
  • Wells and Inventory
    • Four Austin Chalk wells drilled: one vertical pilot and three horizontal wells with vertical pilots
      • Hydrocarbons produced from over-pressured, liquids rich Austin Chalk formation
      • Extensive well data available to buyer:
        • Including NMR, Image Logs, Whole Core, Geochem, PVT, BHP, DFIT
    • Surface Agreements (including water), Constructed Pads, Roads and Permits
    • 25 approved Austin Chalk Conservation Units (1,920 acres)
    • Abstracts and title opinions over large area within various Conservation Units
  • Recent Offset Activity
    • Multiple Austin Chalk and Tuscaloosa Marine Shale horizontal wells drilled in recent years
ConocoPhillips Louisiana Austin Chalk Asset Map (Source: EnergyNet)
ConocoPhillips Louisiana Austin Chalk Asset Map (Source: EnergyNet)

Bids are due by 4 p.m. Oct. 17. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore