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.
Ergon Exploration Inc. retained EnergyNet for the sale of non-producing Louisiana leasehold within the prolific Terryville Lower Cotton Valley Trend through a sealed-bid offering closing Sept. 19.
The offering includes roughly 14,000 gross (11,200 net) acres in the Winnsboro Propspect located in Franklin and Richland parishes, La.
Highlights:
- 14,013.30 Gross (11,210.09 Net) Non-Producing Leasehold Acres
- Delivering about 78% Net Revenue Interest
- Prolific Terryville Lower Cotton Valley Trend
- Industry Calculated Recoverable Reserves for Upper and Lower Red Lower Cotton Valley between 11.8 billion and 17.5 billion cubic feet
- Upper and Lower Pink LCV Account for about 60% of Reserves
- Faulting and Regional Perm Barrier are Interpreted to have Created Massive Lower Cotton Valley Gas Trap over 48 sq miles
- Ergon Drilled the #1 Magee; Initial Lower Cotton Valley Test Pilot Hole
- Total Depth of 15,150 ft into the Upper Bossier
- Encountered about 1,000 gross ft of Hydrocarbon-Bearing Lower Cotton Valley Section
Bids are due by 4 p.m. CDT Sept. 19. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Evolution Petroleum Sees Production Uplift from SCOOP/STACK Deals
2024-05-07 - Evolution Petroleum said the company added 300 gross undeveloped locations and more than a dozen DUCs.
Permian Resources Adds More Delaware Basin Acreage
2024-05-07 - Permian Resources also reported its integration of Earthstone Energy’s assets is ahead of schedule and raised expected annual synergies from the deal.
Crescent Point Divests Non-core Saskatchewan Assets to Saturn Oil & Gas
2024-05-07 - Crescent Point Energy is divesting non-core assets to boost its portfolio for long-term sustainability and repay debt.
Marketed: Mississippian Play Opportunity in Grady County, Oklahoma
2024-05-06 - An undisclosed seller has retained EnergyNet for the sale of a Mississippian play opportunity in the Bennet 0607-22-27-1MXH in Grady County, Oklahoma.
Marketed: DLH Capital 14 Well Package in SCOOP/STACK
2024-05-06 - DLH Capital LLC has retained EnergyNet for the sale of a 14 well package SCOOP/STACK opportunity in Blaine, Caddo, Canadian and Grady counties, Oklahoma.