Marketed: De Soto Oil Properties Alabama Operations, HBP Leasehold

Transaction Type
Marketers
Basin
Alabama
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

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.

De Soto Oil Properties LLC retained EnergyNet for the sale of oil and gas operations and HBP leasehold in Alabama through an auction closing Sept. 11.

The offering comprises operated interest in a seven-well package plus four saltwater disposal wells and HBP leasehold acreage located in Conecuh and Escambia counties, Ala.

Highlights:

  • 100.00% to 38.00% Working Interest / 78.00036% to 26.60% Net Revenue Interest in 11 Wells:
    • Seven Oil Producers | Four Saltwater Disposal Wells
  • Six-Month Average 8/8ths Production: 165 barrels per day of Oil and 102,000 cubic feet per day of Gas
  • 12-Month Average Net Income: $103,463 per Month
  • 846.70 Net HBP Leasehold Acres

Bids are due by 1:40 p.m. CDT Sept. 11. 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.