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.
Bachtell Oil & Gas Ltd. and Warthawg Properties LP retained EnergyNet for the sale of operated assets in East Texas through a sealed-bid offering closing July 31.
The assets comprise 100% gross working interest plus operations in multiple wells located in Harrison County, Texas. The offer also includes leasehold acreage and the opportunity for horizontal Cotton Valley development, according to EnergyNet.
Highlights:
- 100.00% Working Interest / 75.00% Net Royalty Interest in the Northeast Hallsville Crane Unit:
- Includes an Additional 12.50% Overriding Royalty Interest and 0.011474% Royalty Interest
- Five Producing Wells | One Active Injection Well | One Inactive Saltwater Disposal
- Six-Month Average 8/8ths Production: 325,000 cubic feet per day of Gas and 13 barrels per day of Oil
- 12-Month Average Net Cash Flow: $37,301 per Month
- 7,642.016 Net Leasehold Acres
- 379.47 Non-Producing Acres in the Upper Pettit Zone
- Strategic Waterflood Plan Projected
- Horizontal Cotton Valley Opportunity
Bids are due by 4 p.m. CDT July 31. For complete due diligence information 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.
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