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Lone Oaks Minerals LLC retained EnergyNet for the sale of a 13-well package (RI & NPRI) in Wetzel County, West Virginia. The Lot# 105350 has a 4-month average net cash flow of $8,230/month. Operator is EQT Production Co.

Lone Oak Minerals West Virginia map
(Source: EnergyNet)

Opportunity highlights:

  • Avg. ~0.24% RI in 9 Producing Wells:
    • Wellbore Only
    • Includes 0.01% NPRI in the Prine 13H Well
  • 0.13% NPRI in 4 Producing Wells:
    • Wellbore Only
  • 6-Month Average 8/8ths Production: 87,601 MCFPD
    • 6-Month Average Net Production: 68 MCFPD
  • 4-Month Average Net Cash Flow: $8,230/Month
  • Operator:
    • EQT Production Company
  • 81 Offset Permits
    • New Drill: 16 Active | 2 Completed | 28 DUC | 33 Permitted
  • 1,121 Active Offset Producers
  • Select Area Operators:
    • Blue Group Operating, Inc.
    • Diversified Production, LLC
    • Pillar Energy, LLC
    • SWN Production Company
    • Tug Hill Operating, LLC

This is an auction property on EnergyNet.com, Lot# 105350. This auction closes April 25, 2023 at 1:50 PM CDT. For complete due diligence information, please visit http://www.energynet.com or email Zachary Muroff, Managing Director, at Zachary.Muroff@energynet.com.