Certain oil and gas properties and related assets located in Harrison County, Indiana and Meade County, Kentucky owned by Maverick Natural Resources, LLC are being offered for sale.
EnergyNet has been retained by Maverick Natural Resources, LLC as the exclusive advisor to assist with this transaction. Lot ID: 61751. Bids Due Date 08/12/2020 at 4:00 PM CDT. Effective date of sale is 07/01/2020.
Opportunity Highlights:
100.00% WI / 87.50% to 78.762561% NRI in 240
Wells:
- An Additional 11.1175% to 0.030129% RI in 25 Wells
- An Additional 2.950618% to 0.005492% ORRI in 22 Wells
- 194 Producing Wells | 7 Active Injection Wells | 21 Shut-In Wells | 18 Temporarily Abandoned Wells
GTG Pipeline and Cardinal CO2 Plant are Included in the Sale:
- The GTG Line is 5.53 Mi. of 8″ Coated Steel and 1.33 Mi. of 12″ Coated Steel Gathering Line and Traverses South Under the Ohio River, into Kentucky where Production Reaches the Cardinal CO2 Plant for Processing
- The Cardinal CO2 Plant has an Approximate Treating Capacity of 15 MMSCFD, Utilizing MDEA to Treat 9-12 mol % CO2 to < 1 mol % CO2
6-Month Average 8/8ths Production: 2,192 MCFPD 6-Month Average Net Income: $41,618/Month
45,862.91 Gross/Net Leasehold Acres
Further Subject to Transfer Tax
Mortgage to be Released at Closing
Seller wants to bring attention to the inclusion of the Cardinal Pipeline in the sale. The Cardinal Pipeline is 8.23 mi. of 12” coated steel going from the Cardinal Plant to sales point at Texas Gas and is entirely in the state of Kentucky.
Please see the attached Executive Summary for additional details regarding the opportunity and access the online data room: https://www.energynet.com/property_
Bids Due Date 8/12/2020 4:00 PM CDT. Effective Date of Sale 07/01/2020
For additional information and to learn more about this opportunity, please contact:
Denna K. Arias
Vice President, Corporate Development
EnergyNet.com
O 832-403-3125
