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 Michael E. Shelton to assist with the sale of a salt dome storage site located in Wharton County, Texas, through a sealed-bid offering closing July 15.
Highlights:
- Two Contiguous Tracts in the Northwest Quadrant of the Boling Salt Dome:
- First Tract is 100.09 Acres with 100% Ownership in Surface and Minerals
- Second Tract is 109.032 Acres with 100% Ownership in Surface and Portion of Interest in Minerals
- Largest Onshore Salt Dome in the Continental U.S.
- Both 3D And 2D Seismic Prove that there are No Overhangs or Anomalies that Would Prevent its Use For Storage
- Top Of Caprock is at 383 ft on Average and Top Of Salt at a Depth of 975 ft, Extending to a Depth of at least 30,000 ft
- Nearby Gas Storage Facility Operating for over 30 Years Proves the Strength and Stability of the Dome
Bids are due by 4 p.m. CT July 15. The effective date of sale will be July 1.
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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