Alliance Oil & Gas Co. LLC

Transaction Type
Post Date
Estimated Price
0MM
Description

Alliance Oil & Gas Co. LLC plans to sell 100% interest in a prospect in Nacogdoches County, Texas, with a backin for 25%. The Surprise prospect package includes 5,827 net acres with 72.5% net revenue interest on the H. Richey survey one mile east of Redfield. More than 100 well locations have been identified. The depth objective is 12,500 feet targeting the Knowles, Cotton Valley, Bossier, Travis Peak, Rodessa, James and Pettit trends. The participant will pay 100% of the prospect cost for 100% working interest until payout, and a 75% working interest at payout and for subsequent wells. A bid due date has not been determined. Contact Tom Fetters, 281-466-1076.