Weatherly Oil & Gas LLC

Transaction Type
Sellers
Marketers
Basin
East Texas Basin; Haynesville/Cotton Valley
Field
Shelby Trough
Post Date
Close Date
Room Opening Date
Estimated Price
MM
Description

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

Weatherly Oil & Gas LLC has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of certain producing properties and leasehold in East Texas.

The offer includes a producing East Texas asset with horizontal exposure to the resource-rich Shelby Trough, according to TenOaks.

Highlights:

  • Deep inventory of proven horizontal projects targeting the Bossier and Haynesville shales;
    • 89 horizontal Bossier/Haynesville locations
    • 35 horizontal refrack candidates
    • Unquantified workover potential exists across asset base
  • Leasehold footprint of 24,000 gross (18,000 net) acres
  • Recent net daily production of 6.6 million cubic feet equivalent

Bids are due Jan. 23. The virtual data room is scheduled to open Dec. 10.

For information visit tenoaksenergyadvisors.com or contact Jason B. Webb, partner of TenOaks, at Jason.Webb@tenoaksadvisors.com or 214-420-2322.