The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
M5 Standing Energy LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of producing East Texas assets within Henderson County in a sale closing July 10.
Highlights:
- Working interest 85.5%
- 188 net acres
- Net revenue interest 64.125%
- Martha Jo Field
- Producing from the Travis Peak Formation
- Operated property
- Net production roughly 1.2 barrels per day of oil
- Average monthly net cash flow about $1,646 (last 12 months)
For information visit ogclearinghouse.com or contact Patrick DaPra, vice president of negotiated transactions for Clearinghouse, at pdapra@ogclearinghouse.com or 832-601-7655.
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