The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Five-JAB Inc. and Pete's Lease LLC retained EnergyNet for the sale of an operated Gulf Coast Basin asset plus HBP leasehold acreage through an auction.

Gulf Coast Basin Asset Map (Source: EnergyNet)

The offer includes 100% Gross Working Interest with Operations in the Wingate Unit #1 and 80.00 Gross/Net HBP Leasehold Acres located in Jefferson County, Texas.

Property Highlights:

  • 100.00% Working Interest / 74.419922% Net Revenue Interest (before payout) in the Producing Wingate Unit #1 Well
    • 75.00% Working Interest / 55.814941% Net Revenue Interest (after payout)
  • Six-Month Average 8/8ths Production: 9 barrels per day of Oil
  • 12-Month Average Net Cash Flow: $19,896 per Month
  • 80.00 Gross/Net HBP Leasehold Acres

Bids close at 2:25 p.m. CST Feb. 6. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com.

Onshore