Marketed: Sage Natural Resources Barnett Shale Package

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.

Sage Natural Resources LLC retained EnergyNet for the sale of a Barnett Shale opportunity in North Texas across Hood and Parker counties through a sealed-bid offering closing Dec. 1.

The offering comprises a 38-well package and one salt-water disposal well including operations and nonoperated working interest plus leasehold acreage.

Highlights:

• Operated Working Interest in 34 Wells:
  • ~93.80% Average Working Interest / ~69.88% Average Net Revenue Interest
  • 24 Producing Wells | One Saltwater Disposal Well| Eight Non-Producing Wells | One Shut-In Well
• Nonoperated Working Interest in Five Producing Wells:
  • 35.981981% Working Interest / 26.676359% Net Revenue Interest
• Operator: Diversified Production LLC
  • Six-Month Average 8/8ths Production: 4,208 Mcf/d of gas and 8 bbl/d of oil
• 12-Month Average Net Income: $248,954/Month
• 2,146.9118 Net Leasehold Acres:
  • 2,010.2518 Net HBP Leasehold Acres
  • 136.66 Net Non-Producing Leasehold Acres
• Operator Bond Required

Bids are due by 4 p.m. CST on Dec. 1. For complete due diligence information on any of the packages visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.