oil & gas assets
EnergyNet Inc Producing Properties

PP 2473DV SOLD BY AUCTION

Producing Properties
* All Standard Disclaimers Apply & Seller Rights Retained

Region Ark-La-Tex (ETX, NLA, AR)
Area East Texas (TX RRC # 5 & #6)
Posted24-Oct-19
Confirmed10-Dec-19
Offer30-Oct-19

Owner

East Texas Exploration LLC

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
 

Regional Listings

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

*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.