Chevron Corp. (NYSE: CVX) is offering for sale an East Texas package through a sealed bid sales process.
The package includes 139 operated wells in Gregg and Rusk counties, Texas. EnergyNet has been retained to handle the sale.
The wells have a six-month average net income of $403,635 per month and a six-month average 8/8ths production of 262 barrels per day of oil and 3,118 thousand cubic feet per day.
Operators include Chevron U.S.A. Inc., Chevron Midcontinent LP, BP America Production Co., Cabot Oil & Gas Corp. (NYSE: COG) and Quantum Resources Management LLC.
- 22 operated leases producing oil;
- 73 producing oil wells;
- 27 nonproducing oil wells;
- 77.5-100% gross working interest/67.8125-87.5028% net revenue interest;
- Two royalty interests (producing minerals);
- 2,859.96 gross (2,764.86 net) acres;
- Eight operated leases/units producing gas;
- Eight producing gas wells;
- 36.5854- 100% gross working interest/28.0934-87.5% net revenue interest;
- 1,400.01 gross (1,065.82 net) acres
- Four nonoperated leases/units producing gas
- 31 producing gas wells;
- 1.4-25% gross working interest/1.24-21.875% net revenue interest;
- Various overriding royalty interests;
- 100% gross working interest in multiple nonproducing depths;
- 1,585.16 gross (87.92 net) acres;
- 14 nonproducing leases;
- 25-100% gross working interest/21.875-87.625832% net revenue interest;
- 15% overriding royalty interest;
- 0.0447% nonproducing royalty interest/0.125832% royalty interest;
- 1,612.33 gross (1,488.02 net) acres;
- Hampton Fee Simple Absolute; and
- 168.77 gross/net acres in the George Hampton Survey, A-267, in Gregg County.
- East Texas Salt Water Disposal Company
- 162 shares of capital stock.
Offers are due at 4 p.m. CST on Dec. 4. For information contact Chris Atherton, EnergyNet business development, at 832-654-6612.
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