Marketed: M5 Standing Energy Producing East Texas Package
Transaction Type
Sellers
Marketers
Basin
East Texas
Field
Martha Jo Field
Announce Date
Post Date
Close Date
Estimated Price
MM
Description
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.
M5 Standing Energy LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of producing East Texas assets within Henderson County in a sale closing July 10.
Highlights:
- Working interest 85.5%
- 188 net acres
- Net revenue interest 64.125%
- Martha Jo Field
- Producing from the Travis Peak Formation
- Operated property
- Net production roughly 1.2 barrels per day of oil
- Average monthly net cash flow about $1,646 (last 12 months)
For information visit ogclearinghouse.com or contact Patrick DaPra, vice president of negotiated transactions for Clearinghouse, at pdapra@ogclearinghouse.com or 832-601-7655.