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Smithers Lake Oil Co. LLC is selling its operated working interest in 13 wells plus 1-SWD located in Fort Bend County, Texas.

Property Highlights:

  • 100.00% WI / 70.88335% to 74.161841% NRI in 13 Wells
    • 13 Producers
    • 1 SWD Well
    • 11 Miles Gathering Pipeline to Needville SouthCross sales terminal
    • Approximately 3,700 Net Acres with 3-D Seismic Available for Purchase
    • Field and Facilities are on dry land
  • Upside (Provided by Seller):
    • Proved potentials with minimum investment on workover or recompletion of existing wells, new PUD locations
  • 6-Month Average 8/8ths Production: 181 BOPD Crude, 1,016 MCFPD Gas and 82 BOPD NGL
  • 6-Month Average Net Income: $241,989/month
  • Operator: JTL Operating Co. Inc.

This is an auction property. Bids end at 1:45 p.m. Central on Jan. 31. For complete due diligence information, please visit energynet.com or contact Denna Arias by phone at 281-949-8463, or by email at Denna.Arias@energynet.com or Cody Felton, vice president of business development, at Cody.Felton@energynet.com.