Marketed: Weatherly Oil & Gas Operated East Texas Package

Transaction Type
Sellers
Marketers
Basin
East Texas
Field
Naconiche Creek area
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

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.

Weatherly Oil & Gas LLC retained EnergyNet for the sale of operated oil and gas assets in East Texas through a sealed-bid offering closing July 2.

The offer comprises of operations and overriding royalty interest (ORRI) in several hundred wells plus over 40,000 net leasehold acres within the Naconiche Creek area in Nacogdoches and Rusk counties, Texas

Highlights:

  • 100.00% to 52.174635% Working Interest / 81.793916% to 40.408523% Net Revenue Interest in 302 Wells:
    • An Additional 6.3654% to 0.0037% ORRI in 84 Wells
    • Three Wells After Payout Only
    • 158 Producing Wells | 144 Shut-In Wells
  • Six-Month Average 8/8ths Production: 2.635 million cubic feet per day of Gas and 18 barrels per day of Oil
  • Six-Month Average Net Cash Flow: $33,402 per Month
  • 41,024.4338 Net Leasehold Acres
    • Deep Rights in 19,179.1977 Net Leasehold Acres

Bids are due by 4 p.m. CDT July 2. For complete due diligence information energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Related Content