The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
The Oil and Gas Asset Clearinghouse LLC is partnering with Mustang West Resources LLC to market a package that includes 5% working interest in eight proved developed producing (PDP) wells located in Freestone County, Texas.
The assets, which include production from the Cotton Valley and other formation plus HBP acreage, are operated by XTO Energy Inc., a subsidiary of Exxon Mobil Corp.
Highlights:
- Vertical production from the Cotton Valley, Travis Peak, and Pettit formations
- 34,600 gross (1,360 net) average thousand cubic foot per month
- 669.17 gross acres HBP
- Operated by XTO Energy
- Potential upside opportunity in infill drilling / proved developed non-producing (PDNP) with recompletions in the Cotton Valley and Travis Peak
- Full well files available once reserve has been met
Bids are due by Nov. 6. The transaction is expected to have a Nov. 1 effective date.
For information visit ogclearinghouse.com or contact Garrett Mayer, senior vice president of business development for Clearinghouse, at gmayer@ogclearinghouse.com or 214-766-6041.
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