Barnett Shale Producing Royalties
Lot Number:1
Start Time:8/11/2019 5:00:00 AM
End Time:8/30/2019 11:00:58 PM
Bid Count:28
High Bidder:5****0
Starting Bid:$100.00
Bid Increment:$100.00
Current Bid:$4,900.00
Bidding complete

Operator:Devon Energy Corporation
Monthly Net Income:$83.73 Per Month
Additional Information:Package Summary The assets in this package are located in the Barnett Shale within Tarrant County, Texas.The Barnett Shale enjoys the title of the second largest shale gas play in the country, being the play that started the United States’ gas shale boom. With the proliferation of horizontal drilling and fracking technology, the Barnett Shale has extended into 24 counties with tens of thousands of producing wells. Additionally, the Barnett continues to see strong production numbers, making up 31% of Texas gas production and containing 40 trillion cubic feet of natural gas. Gas production continues to be around 2 trillion cubic feet per year. Over the past 6 months, there have been 27 new permits filed in Tarrant County, primarily to drill new wells in the Barnett Shale. Check Documents for more details
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