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 150-HZ Locations 12,353+ Acres
HIGH IMPACT MULTIPAY TARGETS
HAYNESVILLE, BOSSIER,
COTTON VALLEY & JAMES LIME
Minimal Depth Restrictions.
~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

Summary:
Fortune Resources, LLC is selling their East Texas (Haynesville/Bossier) development project in Shelby Co., TX.

The project covers 17,992-Gross Acres (12,353-Net acres) with 100% of leases held by production.

The deal includes 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).

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

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 214-293-0023


Questions Regarding This Asset?
Email: Chris Bennett
Call: 214-293-0023



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