Meagher Energy Advisors has been retained to sell assets in the northwestern Louisiana Hosston/Cotton Valley play.
The package includes 100% working interest (72% net revenue interest) in approximately 2,640 net acres in eight contiguous sections of East Holly Field in DeSoto Parish. All leases are held-by-production with newly drilled Haynesville wells and cover rights above the case of the upper Bossier formation.
Estimated net remaining reserves as of Dec. 31, 2010, were 226,370 barrels of oil and 60.15 billion cubic feet of gas.
Upside includes 128 possible undeveloped operated locations on 40-acre spacing, with seller working interest in spacing units ranging from 15% to 100%. There is more than 50% working interest in four sections
The bid due date is Oct. 12. The effective date is Oct. 1. Contact Julia Foster, 303-721-6354 ext. 229, jfoster@meagheradvisors.com.
Recommended Reading
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.
E&P Highlights: April 8, 2024
2024-04-08 - Here’s a roundup of the latest E&P headlines, including new contract awards and a product launch.
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Rystad: More Deepwater Wells to be Drilled in 2024
2024-02-29 - Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.