oil & gas assets
EnergyNet Inc Producing Properties

PP 5006AU ACTIVE DEAL

Producing Properties
* All Standard Disclaimers Apply & Seller Rights Retained

Region Gulf Coast (STX SETX SLA MS AL FL)
Area Southeast Texas (RRC #3)
Posted08-Feb-22
Confirmed07-Feb-22
Offer16-Feb-22

Owner

Foundation Energy Management LLC

Contact

EnergyNet Inc
Mr. Zachary Muroff
F
400 Louisiana St Ste 600
Houston TX 77002
Phone: +1-713-861-1866
Zachary.Muroff@energynet.com
 

Regional Listings

GULF COAST PRODUCING ASSETS

24-Wells.
POLK COUNTY, TEXAS
25% - 96.12% OPERATED WI
(19.31% - 69.21% NRI) In 23-Wells
13-Producing, 8-Shut-In, 1-SWD, &
1-Temporarily Abandoned
6.25% NON-OP WI (4.38% NRI) In 1-Well
Avg 8/8th Production (6-Mn): 15 BOPD
Avg Net Income (12-Mn): $4,275/Mn
AUCTION ENDS FEBRUARY 16, 2022
CONTACT AGENT FOR MORE INFO
PP 5006AU

Onshore Land Base
Conventional Play Type
ENERGYNET INC - FOUNDATION ENERGY MANAGEMENT LLC

Deal Summary

Foundation Energy Management LLC retained EnergyNet Inc to assist in the sale of certain producing operated and non-operated Gulf Coast assets in Texas. The auction starts on 9-Feb-2022 and ends on 16-Feb-2022.

Highlights:
-- Located in Polk Co., TX
-- Holds 25% to 96.12693% operated WI (19.3125% to 69.211395% NRI) in 23 wells (13 producing, 8 Shut-in, 1 SWD, and 1 temporarily abandoned);
-- Also holds 6.25% non-operated WI (4.38281% NRI) in producing Overton #1 well;
-- Average 8/8th Production (6 months): 15 Bbl/d;
-- Average net income (12 months): $4,275/month;
-- Operator: Arcadia Resources.

To learn more contact:
Mr. Zachary Muroff
Phone: 972-372-0232
Email: Zachary.Muroff@energynet.com

*Disclaimer
Oil and gas exploration, production and investment are extremely speculative. This website and content herein may also contain forward-looking statements as that term is defined in applicable securities laws. Words such as “anticipate,” “believe,” “continue,” “expect,” “estimate,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “goal,” “objective” will typically identify such forward-looking statements. Although buyers, sellers and capital providers are making the forward-looking statements contained herein in good faith and on the basis of assumptions a Company believes are reasonable, actual results may differ materially from those predicted in such forward-looking statements. Following are a list of factors that could cause actual results to differ from those predicted: acquisition and investment risks; uncertainty of estimates of natural gas and oil reserves and production rates; inherent hazards and risks associated with the Company‘s assets; drilling risks; compliance with environmental and other governmental regulations; the competitive nature of the Company‘s industry; weather risks and other natural disasters. All users of the PLS website recognize that ALL STANDARD DISCLAIMERS APPLY and ANY AND ALL SELLER RIGHTS ARE RETAINED. As with all commercial websites, PLS is NOT responsible for any of the data found herein NOR for the business decisions of any individual using this website.