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.

Ergon Exploration Inc. retained EnergyNet for the sale of non-producing Louisiana leasehold within the prolific Terryville Lower Cotton Valley Trend through a sealed-bid offering closing Sept. 19.

The offering includes roughly 14,000 gross (11,200 net) acres in the Winnsboro Propspect located in Franklin and Richland parishes, La.

Highlights:

  • 14,013.30 Gross (11,210.09 Net) Non-Producing Leasehold Acres
    • Delivering about 78% Net Revenue Interest
  • Prolific Terryville Lower Cotton Valley Trend
  • Industry Calculated Recoverable Reserves for Upper and Lower Red Lower Cotton Valley between 11.8 billion and 17.5 billion cubic feet
    • Upper and Lower Pink LCV Account for about 60% of Reserves
  • Faulting and Regional Perm Barrier are Interpreted to have Created Massive Lower Cotton Valley Gas Trap over 48 sq miles
  • Ergon Drilled the #1 Magee; Initial Lower Cotton Valley Test Pilot Hole
    • Total Depth of 15,150 ft into the Upper Bossier
    • Encountered about 1,000 gross ft of Hydrocarbon-Bearing Lower Cotton Valley Section
Ergon Exploration Terryville Lower Cotton Valley Non-Producing Leasehold Asset Map (Source: EnergyNet)
Ergon Exploration Terryville Lower Cotton Valley Non-Producing Leasehold Asset Map (Source: EnergyNet)

Bids are due by 4 p.m. CDT Sept. 19. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore