ARKLATEX OPERATED PROPERTY
148-Wells. 10,576-Net Leasehold Acres.
HARRISON & PANOLA COUNTIES
CADDO PARISH, LOUISIANA
Targets Cotton Valley Formation.
Re-comp. Opportunities in Vertical Wells
Holds ~77.56% - 100% Operated WI
Avg. 8/8th Prod (6-Mn) :628.33 BOED
Avg. Net Income (7-Mn): $84,027/Month
AUCTION CLOSED OCTOBER 20, 2019
PP 2473DV
Onshore |
Land Base |
Conventional |
Play Type |
ENERGYNET INC - EAST TEXAS EXPLORATION
Deal Summary
East Texas Exploration LLC has retained EnergyNet Inc to assist in the sale of certain operated assets in Texas and Louisiana, according to a media article dated 23-Oct-2019. The auction closes on 30-Oct-2019.
Highlights:
-- Located in Harrison Co., and Panola Co., TX and Caddo Pa., LA;
-- Covers 10,576 net leasehold acres, with rights from surface to the base of Cotton Valley formations;
-- Holds ~77.56% to 100% operated WI (~53.68% to 85.73% NRI) in 148 wells;
-- Includes multiple re-completion opportunities in the vertical wells;
-- Average 8/8th Production (6 months): 628.33 BOE/d or 3.77 MMcfe/d (85% gas and 15% oil);
-- Average net income (7 months): $84,027/month.
To learn more contact:
Mr. Cody Felton
Phone: 713-861-1866
Email: cody.felton@energynet.com