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.
EnergyNet has been retained by Michael A. Gerlich for the sale of an Eagle Ford Shale opportunity in Burleson County, Texas, through a sealed-bid offering closing Jan. 8.
The offering includes leasehold acreage plus a working interest participation option in five recently spud horizontal wells. An affiliate of Chesapeake Energy Corp. is the operator of the assets.
Highlights:
- 58.54 Net Effective Leasehold Acres
- 4.789247% to 1.057619% Working Interest / 3.711666% to 0.819654% Net Revenue Interest Participation Opportunity in Five Recently Spud Horizontal Eagle Ford Wells
- Buyer will have until Jan. 15 to elect AND pay the cash calls in the wells
- Operator: Chesapeake Operating LLC
- Six Offset Rigs
- 98 Offset Permits (96 Eagle Ford Permits)
- 39 Active | 15 Completed | 31 Drilled/Drilling | 13 Permitted
- 417 (237 Horizontal) Active Offset Producers
- 105 Active Eagle Ford Producers
![Eagle Ford Shale Opportunity Asset Map, Burleson County, Texas (Source: EnergyNet)](/sites/default/files/inline-images/Eagle%20Ford%20Shale%20Opportunity%20Asset%20Map%20Burleson%20County%20Texas%20Source%20EnergyNet.png)
Bids are due by 4 p.m. Jan. 8. For complete due diligence information visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Cheniere’s Corpus LNG Stage 3 Project on Track for Year-end Start
2024-08-09 - Cheniere Energy., which boasts 45 mtpa of LNG production capacity, is on schedule for first LNG production from its Corpus Christi LNG Stage 3 project by year-end 2024, the company’s CEO Jack Fusco said during a quarterly earnings webcast.
YPF, Petronas Target FID for Argentine LNG Facility in Late 2025
2024-08-16 - Argentina’s long-envisioned LNG export facility is closer to becoming a reality as state-owned YPF SA and Malaysia’s Petronas will look to reach a final investment decision in the second half 2025 on development in Sierra Grande on the country’s Atlantic Coast.
NextDecade Appoints Former Exxon Mobil Executive Tarik Skeik as COO
2024-07-25 - Tarik Skeik will take up NextDecade's COO reins roughly two months after the company disclosed it had doubts about remaining a “going concern.”
Cheniere Increases Share Repurchase Budget by $4B Through 2027
2024-06-18 - Cheniere will also increase its quarterly dividend by approximately 15% to $2 per share annualized.
Bechtel Awarded $4.3B Contract for NextDecade’s Rio Grande Train 4
2024-08-06 - NextDecade’s Rio Grande LNG Train 4 agreed to pay Bechtel approximately $4.3 billion for the work under an engineering, procurement and construction contract.