BARNETT SHALE OPERATED PRODUCTION
Palo Pinto, Parker, Erath and Hood Counties, Texas
- 146 operated horizontal gas wells completed in the Barnett Shale
- Depth 4,500' to 6,600'; pay thickness 185' to 235'
- Wells drilled between 2005 and 2009
- Average working interest 94.5% with average 73.85% net revenue interest
- ~45,000 net acres, majority held by production
- Shallow rights in ~70% of the acreage (Strawn, Bend and Marble Falls)
- Projections for March 2012 (effective date of sale):
- Gross production rates 23.2 MMCFD, 66 BOPD and 6,173 BWPD
- Net sales volumes 13.1 MMCFD, 1,991 BNGLPD and 48 BOPD
- Net cash flow $2.7 million per month
- Plant liquids contribute 84% of revenues
- 52 potential drilling locations
- Infrastructure 100% owned
- One salt water disposal well, with excess capacity
- Gas gathering systems included in the sale
- Gas processed through plants operated by DCP and Enbridge
- 125 square miles of proprietary 3D seismic license available as a separate transaction
- 3D seismic covers 80% of identified drilling locations
NOTE: A Confidentiality Agreement ("CA") must be executed prior
to receiving the data
package. Please visit our website to order
this package and download the required CA.
FOR QUESTIONS PLEASE CONTACT |
| Jacque Semple, Project Coordinator |
(918) 481-5900 ext. 221 |
| Jesse Murdock, VP Business Dev. |
(918) 481-5900 ext. 230 |
| Bob McNulty, P.E. |
(918) 481-5900 ext. 229 |
|
BID DATE
FEBRUARY 16, 2012 |
EFFECTIVE DATE
MARCH 01, 2012 |
CLOSING DATE
MARCH 29, 2012 |
|
