oil & gas assets
EnergyNet Inc Producing Properties

PP 2177AU SOLD BY AUCTION

Producing Properties
* All Standard Disclaimers Apply & Seller Rights Retained

Region Gulf Coast (STX SETX SLA MS AL FL)
Area South Texas (RRC #1 #2 #4)
Posted11-Jun-19
Confirmed26-Jun-19
Offer26-Jun-19

Owner

Sandstone Energy Group

Contact

EnergyNet Inc
Mr. Cody Felton
FF
400 Louisiana St Ste 600
Houston TX 77002
Phone: +1-713-861-1866
Fax: +1-832-201-9598
cody.felton@energynet.com
 

SOUTH TEXAS OPERATED ASSETS

1-Well. 40-Net HBP Leasehold Acres.
LIBERTY COUNTY, TEXAS
Holds 50% OPERATED WI; 37.25% NRI
Avg. 8/8th Prod. (3Mns): 198 BOED
Avg. Net Cash Flow (3Mns): $84,143/Mn
AUCTION CLOSED JUNE 26, 2019
PP 2177AU

Onshore Land Base
Conventional Play Type
ENERGYNET INC - SANDSTONE ENERGY GROUP INC

Deal Summary

Sandstone Energy Group Inc has retained EnergyNet Inc to assist in the sale of certain operated Texas assets. The auction will open on 19-Jun-2019 and close on 26-Jun-2019.

Highlights:
-- Located in Liberty Co., TX;
-- Covers 40 net HBP leasehold acres;
-- Holds 50% WI (37.25% NRI) in producing J A Dunagan #1 well;
-- Average 8/8th Production (3 months): 198 BOE/d (53% oil, 47% gas);
-- Average net cash flow (3 months): $84,143/month.

Lot 57734

CONTACT AGENT
EnergyNet Inc
Mr. Cody Felton
VP - Business Development - Hou & Eastern States
400 Louisiana St Ste 600
Houston, TX 77002
Phone: 713-861-1866 and Fax: 832-201-9598 and Direct: 281-221-3042
Cell: 281-221-3042
Email: cody.felton@energynet.com

*Disclaimer
Oil and gas exploration, production and investment are extremely speculative. This website and content herein may also contain forward-looking statements as that term is defined in applicable securities laws. Words such as “anticipate,” “believe,” “continue,” “expect,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “goal,” “objective” will typically identify such forward-looking statements. Although buyers, sellers and capital providers are making the forward-looking statements contained herein in good faith and on the basis of assumptions a Company believes are reasonable, actual results may differ materially from those predicted in such forward-looking statements. Following are a list of factors that could cause actual results to differ from those predicted: acquisition and investment risks; uncertainty of estimates of natural gas and oil reserves and production rates; inherent hazards and risks associated with the Company‘s assets; drilling risks; compliance with environmental and other governmental regulations; the competitive nature of the Company‘s industry; weather risks and other natural disasters. All users of the PLS website recognize that ALL STANDARD DISCLAIMERS APPLY and ANY AND ALL SELLER RIGHTS ARE RETAINED. As with all commercial websites, PLS is NOT responsible for any of the data found herein NOR for the business decisions of any individual using this website.