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
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
US Energy Secretary Nominee Chris Wright Champions Energy at DUG GAS
2024-11-19 - President-elect Donald Trump's energy secretary nominee Chris Wright championed energy's role in bettering human lives earlier this year on stage at Hart Energy’s DUG GAS Conference and Expo.
Mexico Pacific Working with Financial Advisers to Secure Saguaro LNG I FID
2024-10-23 - Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
Citgo Auction in Jeopardy as Venezuela Bondholders Pursue Parallel Claims
2024-10-11 - The court cases have increased uncertainty over which company is best positioned to take over the seventh-largest U.S. refiner Citgo Petroleum.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana
2024-09-09 - Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.