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.
The Oil and Gas Asset Clearinghouse LLC is partnering with Mustang West Resources LLC to market a package that includes 5% working interest in eight proved developed producing (PDP) wells located in Freestone County, Texas.
The assets, which include production from the Cotton Valley and other formation plus HBP acreage, are operated by XTO Energy Inc., a subsidiary of Exxon Mobil Corp.
Highlights:
- Vertical production from the Cotton Valley, Travis Peak, and Pettit formations
- 34,600 gross (1,360 net) average thousand cubic foot per month
- 669.17 gross acres HBP
- Operated by XTO Energy
- Potential upside opportunity in infill drilling / proved developed non-producing (PDNP) with recompletions in the Cotton Valley and Travis Peak
- Full well files available once reserve has been met
Bids are due by Nov. 6. The transaction is expected to have a Nov. 1 effective date.
For information visit ogclearinghouse.com or contact Garrett Mayer, senior vice president of business development for Clearinghouse, at gmayer@ogclearinghouse.com or 214-766-6041.
Recommended Reading
Bipartisan Bill Aims to Speed Up Permitting Bureaucracy
2024-07-23 - If passed, the new rules would tackle litigation delays for energy projects across all sectors, an analyst says.
EQT Marketing Rest of Marcellus Non-op Assets After Equitrans Close
2024-07-23 - EQT Corp. is marketing the remaining 60% interest in its non-operated Northern Marcellus assets as the Appalachia gas giant works to reduce debt following its $5.45 billion acquisition of Equitrans Midstream.
Freeport LNG’s Slow Restart Stokes Concern Over Supply Risk
2024-07-23 - The 15-mtpa Freeport LNG facility remains under the spotlight of the global market as it slowly resumes operations after pausing ahead of Hurricane Beryl’s arrival along the U.S. Gulf Coast.
Air Liquide Closes African Divestitures to Adenia Partners
2024-07-23 - Air Liquide’s transaction with Adenia Partners represents total annual sales of approximately 60 million euros (US$65.12 million), less than 10% of Air Liquide’s sales in Africa.
Pitts: Oh, What a Tangled Web the Supermajors Weave
2024-07-23 - Exxon and Chevron and Guyana and Venezuela—‘Let’s Make A Deal’ meets ‘Love, South American Style.’