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.
GLB Exploration Inc. retained EnergyNet for the sale of its Falcon prospect in Oklahoma through a sealed-bid offering closing Dec. 18. The offering includes non-producing leasehold in Cleveland, Oklahoma and Pottawatomie counties, Okla.
Highlights:
- 4,085.93 Gross (408.593 Net) Non-Producing Leasehold Acres in the Falcon Prospect
- GLB Exploration Proposes to Drill a Test Well, Falcon #1-13H-24, in Firs- Quarter 2020
- 10.526315% Working Interest (Before Completion) | 10.00% Working Interest (After Completion)
- 11,000 ft Measured Depth in Hunton (Hunton pay Total Vertical Depth between 5,500 ft and 7,000 ft)
- Possible Development Locations: 24-plus Based On Two Wells Per Section
- Reserve Potential Per Well: 350,000 - 500,000 barrels of oil With .5 - .8 billion cubic feet Per Well
Bids are due by 4 p.m. CST Dec. 18. For complete due diligence information visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
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