G.M. Oil Properties Inc.
G.M. Oil Properties Inc. has retained Energy Spectrum Advisors Inc. to sell certain leasehold interests in Oklahoma. The package includes a 41% average working interest (33% average net revenue interest) in proved developed locations and a 56% average working interest (45% average net revenue interest) in proved undeveloped locations on approximately 22,000 gross acres in McIntosh, Pittsburg and Haskell counties. Production is up to 4.5 million cubic feet of gas per day (up to 1.7 million net). Total net reserves are 42 billion cubic feet (20% proved developed). The assets also include interests in two pipelines that transport gas from areas near Lake Eufaula. For more information, contact Damian S. Wells, 214-987-6127.