Marketed: Weatherly Oil & Gas Northern Louisiana Assets

Transaction Type
Sellers
Marketers
Basin
North Louisiana; Haynesville
Field
Bethany-Longstreet Field
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.

Weatherly Oil & Gas LLC retained EnergyNet for the sale of assets located within the Haynesville shale play in northern Louisiana through a sealed-bid offering closing June 26.

The offer comprises operated and nonoperated working interests in multiple properties, including producing wells, plus leasehold in the Bethany-Longstreet Field in Caddo and DeSoto parishes, La.

Highlights:

  • Operated Working Interest in 77 Properties (48 Wells):
    • 100.00% to 94.41667% Working Interest / 80.00% to 60.749687% Net Revenue Interest
    • 29 Wells Completed in Multiple Formations
    • 57 Producing Properties | One Saltwater Disposal | 19 Shut-In Properties
  • Nonoperated Working Interest in the Johns #1A (Shut-In):
    • 7.152088% Net Revenue Interest
    • Operator: Vernon E. Faulconer
  • Six-Month Average 8/8ths Production: 1.503 million cubic feet per day of Gas
  • Six-Month Average Net Cash Flow: $18,711 per Month
  • 8,551.80 Net Leasehold Acres

Bids are due by 4 p.m. CDT June 26. For complete due diligence information energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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