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Orbit Energy Partners To Sell South Louisiana Props

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October 18, 2012

Orbit Energy Partners LLC has retained Energy Spectrum Advisors Inc. to sell certain oil and gas properties in south Louisiana. The properties are located in Acadia, Allen, Beauregard, Calcasieu, Cameron, Evangeline, St. Landry and Jefferson Davis parishes, La.

The properties include ownership in 30 non-operated wells producing 1,630 gross/235 net barrels of oil equivalent. Net operating cash flow has averaged $311,722 per month for the twelve months ending June 2012. The sale also includes proprietary 3-D seismic data covering 499 square miles and licensed 3-D seismic data covering 752 square ...

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