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.
Riviera Resources Inc. retained EnergyNet for the sale of East Texas assets in Marion County through a sealed-bid offering closing March 18.
The offering includes operated and nonoperated working interest in a 46-well package plus HBP leasehold acreage.
Highlights:
- Operated Working Interest in 43 Wells:
- 100.00% to 45.97994% Working Interest / 83.130769% to 38.21195% Net Revenue Interest
- Two Wells have Multiple Completions
- 33 Producing Wells | One Active Injection Well | Nine Non-Producing Wells
- Nonoperated Working Interest in Three Wells:
- 17.19% to 7.26% Working Interest / 14.194% to 6.35793% Net Revenue Interest
- One Producing Well | Two Non-Producing Wells
- Operator: Buffco Production Inc.
- 12-Month Average Net Income: $40,784 per Month
- Six-Month Average 8/8ths Production: 1.543 million cubic feet per day of Gas and 34 barrels per day of Oil
- 5,773.82 Gross (3,958.65 Net) HBP Leasehold Acres
Bids are due by 4 p.m. CT March 18. For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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