Marketed: Peri Petroleum Austin Chalk Asset, Mineral Interest

Transaction Type
Sellers
Marketers
Basin
East Texas; Austin Chalk
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.

Peri Petroleum LLC retained EnergyNet for the sale of Austin Chalk assets across four East Texas counties through a sealed-bid offering closing Aug. 28.

The offering comprises operations in a 24-well package plus leasehold acreage in Burleson, Fayette, Grimes and Walker counties, Texas.

Highlights:

  • 97.50% to 11.968412% Working Interest / 73.067157% to 9.259647% Net Revenue Interest in 24 Wells
    • 23 Producing Wells | One Temporarily Abandoned Well
  • Six-Month Average 8/8ths Production: 59 barrels per day of Oil and 476,000 cubic feet per day of Gas
  • Six-Month Average Net Cash Flow: $30,876 per Month
  • 2,126.00 Net Leasehold Acres

Bids are due by 4 p.m. CDT Aug. 28. 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.

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