oil & gas assets

producing propertyFORTUNE - EAST TEXAS PROJECT

Producing Property For Sale Through PLS Marketing & Transaction Arm
All Standard Disclaimers Apply & Seller Rights Retained


FORTUNE - EAST TEXAS PROJECT
SHELBY CO., TX PROJECT
8-Wells. 12,353-Net Acres.
HIGH IMPACT MULTIPAY TARGETS
Haynesville, Bossier, Cotton Valley &
-- James Lime Rights
Minimal Depth Restrictions.
~150 Horizontal Drilling Locations.
Avg 81% OPERATED WI AVAILABLE
Gross Production: ~1,160 MCFD
Net Production: ~700 MCFD
Avg Net Cash Flow: ~$43,700/Mn
SELLER REVIEWING OFFERS
PP 3770DV
Sale Points
SELLER REVIEWING OFFERS

Updates:
05/07/18: Fortune-Shelby Net Gross LOS updated in 03. Accounting
03/14/18: Fortune-Shelby Net Gross LOS added to 03. Accounting

Summary:
PLS Energy Advisors Group has been retained by Fortune Resources, LLC to market their East Texas Haynesville/Bossier development located in Shelby county. The property covers 17,992-Gross acres (12,353-Net acres) with 100% of leases held by production. Average 81% Operated WI and 75% NRI on 8 PDP wells (7-Haynesville, 1-James Lime) with horizontals ranging from 4,500' - 8,000 in length. As of December 2017, gross production was 1,162 MCFD and net production was 698 MCFD (100% Gas). As of January 2018 (production month) the average Net Cash Flow was $43,700/Mn

The undeveloped property contains more than 150 horizontal drilling locations (75 Haynesville, 78 Mid-Bossier) that utilize a staggered spacing design to allow more long laterals (8,300' average length).


CONTACT AGENT:
PLS Energy Advisors Group
Mr. Chris Bennett
A&D Advisor
One Galleria Tower Ste 1100
Dallas, TX 75240
Phone: 817-312-1508
Direct: 972-348-5536
Cell: 214-293-0023
Email: cbennett@plsenergyadvisors.com
Questions Regarding This Asset? Email Chris Bennett or call PLS at 972-348-5536

Public Data (No C.A. Required)

Questions Regarding This Asset?
Email: Chris Bennett
Call: 972-348-5536



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