Marketed Operated Producing Granite Wash Wells Texas Panhandle

Corlena Oil Co. LLC is offering operated Granite Wash assets in the Texas Panhandle through a sale handled by EnergyNet.

The sale is comprised of 100% working interest, before payout, with operations in eight producing wells plus its associated HBP leasehold acreage in Clay CSL Survey, A-50, Roberts County, Texas.

Highlights:

  • 100% gross working interest/75.2% net revenue interest (before payout) in eight producing wells;
    • 87.5% working interest/66.575% net revenue interest (after payout) in the two of the wells, the Mills Ranch 2B #1H and 5A #1H;
  • Six-month average 8/8ths production 88 barrels per day of oil and 1.179 million cubic feet per day of gas;
  • Six-month average net income of $145,552 per month; and
  • 540 net HBP leasehold acres.

Upside potential includes a 5,000-acre offset and additional zones leasing opportunity with a common mineral owner, EnergyNet said.

Bids are due by 4 p.m. CT May 3. For information visit energynet.com or contact Ethan House, vice president of business development with EnergyNet, at 405-255-5444.