Certain oil and gas properties and related assets located in Cleburne and Conway Counties, Arkansas are being offered for sale. EnergyNet has been retained by Panhandle Oil and Gas as the exclusive advisor to assist with this transaction. Lot ID: 71428. Bids Due: 9/16/2020 at 1:40 PM CDT. Effective date of sale is 10/1/2020.


Non-operatedWI and ORRI Cleburne - oilandgas360 Fig 1


OPPORTUNITY HIGHLIGHTS

•  20.62618% to 0.00903% WI / 16.55227% to 0.0079% NRI (BPO) in 242 Wells:

  • An Additional 0.20029% ORRI in 4 Hooten Hz Wells
  • An Additional 0.02228% ORRI in 4 Diamond Bluff Farms Hz Wells
  • Pennington 10-12 10-23H12 is APO Only
  • 227 Producing Wells | 4 Non-Producing Wells | 8 Shut-In Wells | 3 Temporarily Abandoned Wells
  • Operators:

•       Flywheel Energy Production, LLC

  • Merit Energy Company

•       XTO Energy Inc.

  • 12-Month Average Net Income: $11,364/Month
  • 6-Month Average 8/8ths Production: 57,965 MCFPD

• 1,485.3563 Net HBP Leasehold Acres


Non-operatedWI and ORRI Cleburne - oilandgas360 Fig 2

 

 

This is an auction property. Auction ends  09/09/2020 – 09/16/2020 at 1:40 PM CDT. For complete due diligence information, please visit http://www.energynet.com or contact Denna K. Arias, Vice President, Corporate Development, EnergyNet.com, O 832-403-3125 [email protected]

 


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