Marketed: North Texas Operated Packages in Jack, Montague and Wise Counties

[Editor’s note: Bid due date has been updated to Feb. 3 from Jan. 29.]

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.

EnergyNet has been retained by undisclosed sellers for the sale of operated well packages in North Texas through sealed-bid offerings.

The offerings include an 89-well package with roughly 8,000 net leasehold acres and a 20-well package with about 1,200 net leasehold acres both of which are located in Jack, Montague and Wise counties, Texas.

Lot 78364 - 89 Well Package Highlights:

• Operations in 89 Wells:
  • Average Working Interest 74% / Average Net Revenue Interest 43%
  • 82 Producing Wells | Two Saltwater Disposal Injectors | Five Shut-In Wells
• Six-Month Average 8/8ths Production: 885 Mcf/d of Gas and 21 bbl/d of Oil
• Seven-Month Average Net Income: $26,151 per Month
• About 8,000.00 Net Leasehold Acres
• About 40 Miles of Pipeline Gathering System

Lot 78365 - 20 Well Package Highlights:

• Operations in 20 Wells:
  • Average Working Interest 75% / Average Net Revenue Interest 57%
  • 16 Producing Wells | Four Shut-In Wells
• Six-Month Average 8/8ths Production: 172 Mcf/d of Gas and 12 bbl/d of Oil
• Seven-Month Average Net Income: $10,015 per Month
• About 1,200 Net Leasehold Acres

Bids are due at 4 p.m. CST Feb. 3. For complete due diligence information on either package visit energynet.com or email Zachary Muroff, vice president of business development, at Zachary.Muroff@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.