The following information is provided by Energy Advisors Group Inc. (EAG), formerly PLS Divestment Services. All inquiries on the following listings should be directed to EAG. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Energy Advisors Group Inc. (EAG) has been retained by DEA 2 LLC to market a new package located in East Texas.
The listing is located in Limestone County, Texas, and consists of 40 wells (27 active, two saltwater disposal and 11 inactive). The package includes 2,354 net acres (All HBP) and has a current net production of 852,000 cubic feet per day.
For Sale
Up To 100% operated working interest for sale including high net revenue interest (82% net revenue interest) and 0.54% overriding royalty interest and 0.08% royalty interests
According to EAG, the assets have solid existing production and considerable upside potential through active recompletions.
Operations go with the acquisition and the gas gathering system is through Box Church Gathering LLC (DEA 2 LLC has 96% interest in gathering system). EAG said the assets also have additional upside through administrative management of the royalty owners since gathering has been billed to the working interest owners.
Highlights:
- Limestone County, Texas Gas Lease
- 40 Wells. 2,354 Net Acres. All HBP.
- Multipay Gas Production
- Cotton Valley; Travis Peak; Pettit; Rodessa
- Significant Upside.
- Multiple Recompletion Opportunities
- 100% Operated Working Interest. 82% Net Revenue Interest Plus OV
- Gross Production: 1.039 million cubic feet per day of Gas
- Net Volumes: 852,000 cubic feet equivalent per day of Gas
- Gross Revenues: $30,000-$35,000 per month
- Offers due Feb. 28
Click here to view the online data room or visit energyadvisors.com/deals to view our other 30-plus assignments.
For more information, contact Blake Dornak, A&D associate with EAG, at bdornak@energyadvisors.com or 713-600-0169.
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