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.
Bachtell Oil & Gas Ltd. and Warthawg Properties LP retained EnergyNet for the sale of operated assets in East Texas through a sealed-bid offering closing July 31.
The assets comprise 100% gross working interest plus operations in multiple wells located in Harrison County, Texas. The offer also includes leasehold acreage and the opportunity for horizontal Cotton Valley development, according to EnergyNet.
Highlights:
- 100.00% Working Interest / 75.00% Net Royalty Interest in the Northeast Hallsville Crane Unit:
- Includes an Additional 12.50% Overriding Royalty Interest and 0.011474% Royalty Interest
- Five Producing Wells | One Active Injection Well | One Inactive Saltwater Disposal
- Six-Month Average 8/8ths Production: 325,000 cubic feet per day of Gas and 13 barrels per day of Oil
- 12-Month Average Net Cash Flow: $37,301 per Month
- 7,642.016 Net Leasehold Acres
- 379.47 Non-Producing Acres in the Upper Pettit Zone
- Strategic Waterflood Plan Projected
- Horizontal Cotton Valley Opportunity
Bids are due by 4 p.m. CDT July 31. For complete due diligence information energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
CEO: Linde Not Affected by Latest US Green Subsidies Package Updates
2024-02-07 - Linde CEO Sanjiv Lamba on Feb. 6 said recent updates to U.S. Inflation Reduction Act subsidies for clean energy projects will not affect the company's current projects in the United States.
Global Energy Watch: Corpus Christi Earns Designation as America's Top Energy Port
2024-02-06 - The Port of Corpus Christi began operations in 1926. Strategically located near major Texas oil and gas production, the port is now the U.S.’ largest energy export gateway, with the Permian Basin in particular a key beneficiary.
NAPE: In Basins Familiar to E&Ps, Lithium Rush Offers Little Gold
2024-02-07 - A quest for sources of lithium comes as the lucrative element is expected to play a part in global efforts to lower emissions, but in many areas the economics are challenging.
Wanted: National Gas Strategy for Utilities, LNG
2024-02-07 - Chesapeake CEO Nick Dell’Osso and Mercator Energy President John Harpole, speaking at NAPE, said some government decision-makers have yet to catch on to changes spreading across the natural gas market.
Vietnam Seeks Delicate Balance Among US, China, Russia
2024-02-08 - Ongoing U.S. tensions with China and Russia offer Vietnam an opportunity to boost economic ties with the former if American investors can steer past geopolitical smokescreens and destine funds for infrastructure, power and LNG projects all somewhat tied to Vietnam’s manufacturing sector.