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.

Colt Operating LLC retained EnergyNet for the sale of an East Texas asset through an auction closing Nov. 6.

The offering includes undeveloped leasehold plus non-producing minerals located in Tyler County, Texas. Colt Operating is an affiliate of Cornerstone Petroleum Resources LLC, a Fort Worth, Texas-based oil and gas company backed by Post Oak Energy Capital.

Highlights:

  • 17,219.3918 Gross (12,313.75 Net) Non-Producing Leasehold Acres
    • 100% of Oil and Gas Leases (Delivering an average 80.56% Net Revenue Interest)
    • Three- to Six-Year Terms
    • 12,175.14 Net Acres with Option to Extend
  • 11.8072 Net Non-Producing Mineral Acres
  • One Offset Rig
  • Three Offset Permits
  • 236 (202 Horizontal) Active Offset Producers
  • Select Area Operators include Amplify Energy Operating LLC, Ergon Energy Partners LP, RKI Energy Resources LLC and Zarvona Energy LLC
Colt Operating East Texas Undeveloped Leasehold, Non-Producing Minerals Asset Map (Source: EnergyNet)
Colt Operating East Texas Undeveloped Leasehold, Non-Producing Minerals Asset Map (Source: EnergyNet)

Bids are due by 2:20 p.m. CDT Nov. 6. For complete due diligence information visit energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore