Barnett Shale (Wise TX) Producing Royalties
Lot Number:16
Start Time:1/8/2020 5:45:00 PM
End Time:1/16/2020 8:00:00 PM
Bid Count:22
High Bidder:h****l
Starting Bid:$1.00
Bid Increment:$100.00
Current Bid:$3,100.00
Bidding complete

Operator:Scout Energy Management, LLC
Decimal Interest:0.00121999 (George A) / 0.00014870 (Henry A) / 0.00279661 (Taylor)
Monthly Net Income:$86.23/month
Additional Information:The assets in this package (Royalty Interest in 7 producing horizontal wells) are located in the Barnett Shale formation within Wise 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 15 permits filed in Wise County, primarily to recomplete and drill new wells in the Barnett Shale and Bend Conglomerate formations. Production Breakdown: 7.92% - Oil 45.98% - Gas 46.10% - NGL Cash Flow Represents 50.00% of Check Statements The Henry A Gas Unit, as defined by declaration of pool recorded at instrument 201328904, creates a 298.23 acre gas unit from depths below the top of the Marble Falls formation in Wise County, Texas. Taylor Unit 1H & 2H, 322.37 acres of land more particularly described in Declaration of Pool dated April 22, 2013 and filed of record as Document No. 2013-23867 of the Property Records of Wise County, Texas. George A Unit 1H & 2H, Unit Wells in the 341.0 acre George A Unit, Traversing Parts of surveys John Robertson A-721, Willis Monk A-555, and John Coughlin A-151, Recorded in Wise County, Texas. CLICK THE DOCUMENTS TAB FOR ADDITIONAL INFORMATION.
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