oil & gas assets

producing propertyEAST TEXAS SALE PACKAGE

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


EAST TEXAS SALE PACKAGE
EAST TEXAS SALE PACKAGE
55-Wells. ~2,481-Net Acres.
LIMESTONE & FREESTONE COS.
BOX CHURCH, KIRVIN & MANN FIELDS
Cotton Valley, Pettit & Travis Peak Horizons
Operated & NonOperated WI; High NRI
Gross Production: 2,213 MCFD (100% Gas)
Net Production: 1,024 MCFD
12-Mn Net Cash Flow: $29,566/Month
Total Net Proved Reserves: 5.2 BCF
Total Proved Net PV10: $2,400,000
SELLER REVIEWING OFFERS DEC 2017
PP 9110DV
Sale Points
Updates:
12/08/17: Well Logs, Volumetrics & Methodology added to the Well Data folder in the Private Section of the VDR.
12/07/17: Well Bore Diagrams Zip added to the Well Data folder in Private Section of the VDR.
12/06/17: Equipment, Legal & Marketing files have been added to the Private Section of the VDR.
11/27/17: PHDwin Database added to the Engineering folder.

Summary:
Aethon Energy, Inc has retained PLS Energy Advisors Group to market their Operated & Non-Operated properties in East Texas.

Operated Properties - Limestone County, TX
Aethon operates on 2,482 gross acres (1,336 net acres) located in Limestone County, TX. The position is 100% HBP including 38 total wells (31 wells currently producing) with an average 59% WI & 50% NRI. The property is currently producing ~1,500 Mcf/d (730 Mcf/d net) from the Box Church field. These wells are producing primarily from the Cotton Valley horizon with additional pay from the Pettit & Travis Peak horizons where recompletion opportunities exist to ramp up production.

Non-Op Properties - Freestone County, TX
The non-operated properties are located in Freestone County, TX and are operated by R. Lacy Services & Reynolds E&P. Aethon Energy owns an interest in 16-wells (12 wells currently producing) on 2,903-gross acres (1,145 net acres 100% HBP). Aethon has an average 47% WI & 38% NRI with net production of 293 Mcf/d (100% gas) from the Kirvin & Mann Fields. These wells exploit multiple horizons of the Cotton Valley & Travis Peak with recompletion opportunities available across the acreage.

Highlights:
-- Core Cotton Valley Gas Play
-- Conventional Development
-- Quality Operations
-- Exiting Infrastructure
-- Future Development Potential
-- Total Net Proved Reserves 5.3 BCF
-- Total Net Proved PV10: $2,400,000
-- Additional Probable, Possible and Contingent Reserves

Sale Process:
Offers Due December 8, 2017
Additional data available upon request.
Email Chris Bennett for more information.

CONTACT AGENT
PLS Energy Advisors Group
Chris Bennett
Advisor - Divestment Services
One Galleria Tower
13355 Noel Road Ste 1100
Dallas, TX 75240
Direct: 972-348-5536
Email: CBennett@PLSEnergyAdvisors.com
Questions Regarding This Asset? Email Chris Bennett or call PLS at 972-348-5536

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



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All Standard Disclaimers Apply & Seller Rights Retained
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