Marketed: CrossRoads Horizon and Paladin Oil Non-Op WI Assets

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
MM
Description

CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of a non-operated working interest in the J. H. Kurth Jr. B-lease wells located in Newton County, Texas. The Lot# 102381 includes six-month average net production of 4 bbl/d and 542 MMcf/d operated by Foundation Energy Management LLC.

Opportunity highlights:

  • Non-Operated Working Interest in the J. H. Kurth Jr. -B- Lease (3 Wells):
    • 0.50% WI / 0.36% NRI
  • 6-Month Average Net Income: $9,985/Month
  • 6-Month Average 8/8ths Production: 977 BOPD and 541 MCFPD
  • 6-Month Average Net Production: 4 BOPD and 2 MCFPD
  • Operator: Foundation Energy Management, LLC

Bids are due at 2:05 p.m. CDT on Feb. 15. For complete due diligence information, please visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.

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