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
What's Affecting Oil Prices This Week? (Nov. 25, 2024)
2024-11-25 - For the upcoming week, a key resistance level for the price of Brent crude is $76. If the price of Brent crude can break above this level, Stratas Advisors could see Brent crude moving toward $80.
What's Affecting Oil Prices This Week? (Nov. 4, 2024)
2024-11-04 - For the upcoming week, with the increased geopolitical risk and OPEC+’s delay in phasing out its production cut, Stratas Advisors expect that the price of Brent crude could test $77.
Oil Prices Rise as OPEC+ Considers Delaying December Output Increase
2024-10-30 - Oil prices rose more than 2% on Oct. 30 after Reuters reported that OPEC+ could delay a planned oil production increase in December by a month or more because of concern over soft oil demand and rising supply.
What's Affecting Oil Prices This Week? (Nov. 18, 2024)
2024-11-18 - For the upcoming week, the price of Brent crude could test its support at $70 and if the price breaks below this level, the price of Brent could fall to $66.
What's Affecting Oil Prices This Week? (Dec. 9, 2024)
2024-12-09 - For the upcoming week, Stratas Advisors believes the announced delay by OPEC+ will keep the price of Brent crude above $70, but not reach $73.