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.
Ergon Exploration Inc. retained EnergyNet for the sale of assets in the Terryville Lower Cotton Valley trend in Northern Louisiana through a sealed-bid offering closing Aug. 29.
The offer comprises of operations and leasehold interests in the Winnsboro prospect in Franklin and Richland parishes, La.
Highlights:
- 14,013.30 Gross (11,210.09 Net) Non-Producing Leasehold Acres
- Delivering about 78% Net Revenue Interest
- Prolific Terryville Lower Cotton Valley Trend
- Industry Calculated Recoverable Reserves for Upper and Lower Red Lower Cotton Valley between 11.8 billion cubic feet (Bcf) and 17.5 Bcf
- Upper and Lower Pink LCV Account for about 60% of Reserves
- Faulting and Regional Perm Barrier are Interpreted to have Created Massive Lower Cotton Valley Gas Trap over 48 Square Miles
- Ergon Drilled the #1 Magee—Initial Lower Cotton Valley Test Pilot Hole
- Total Depth of 15,150 Feet into the Upper Bossier
- Encountered about 1,000 Gross Feet of Hydrocarbon-Bearing Lower Cotton Valley Section
![Ergon Exploration Northern Louisiana Terryville Lower Cotton Valley Asset Map (Source: EnergyNet)](/sites/default/files/inline-images/Ergon%20Exploration%20Northern%20Louisiana%20Terryville%20Lower%20Cotton%20Valley%20Asset%20Map%20Source%20EnergyNet.png)
Bids are due by 4 p.m. CDT Aug. 29. 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.
Recommended Reading
Comstock, Aethon’s 17 Western Haynesville Wildcats Make 112 Bcf to Date
2024-08-01 - Comstock Resources and Aethon Energy each added one well to Texas state production data on the new western Haynesville play, dubbed ‘The Waynesville.’ The oldest has surfaced 2.1 Bcf per 1,000 lateral ft to date.
Southwest Gas Selects Bowman to Survey in Nevada, California
2024-07-31 - Virginia-based Bowman Consulting Group has been selected a fifth time for ongoing an on-call agreement with Southwest Gas.
BP Takes FID on US GoM Development Kaskida
2024-07-30 - BP has taken a final investment decision on its Kaskida development in the U.S. GoM, with production of 80,000 bbl/d expected to start flowing in 2029.
Wood Mackenzie: OFS Costs Expected to Decline 10% in 2024
2024-07-30 - As service companies anticipate a slowdown in Lower 48 activity, analysts at Wood Mackenzie say efficiency gains, not price reductions, will drive down well costs and equipment demand.
E&P Highlights: July 29, 2024
2024-07-29 - Here’s a roundup of the latest E&P headlines including Energean taking FID on the Katlan development project and SLB developing an AI-based platform with Aker BP.