EnergyNet.com

September 19, 2008

Chesapeake Exploration LLC is selling Barnett shale assets with production in Hill and Johnson counties, Texas, via auction at EnergyNet.com.

The seven lots include operated and nonoperated working interest in 19,340 net acres (10,227 held by production; 9,012 nonproducing) covering various surveys in Bosque, Ellis, Hill and Johnson counties. Production for the past six months averaged 6.6 million cubic feet of gas per day. Monthly cash flow averaged $551,500 net.

The auction ends Oct. 2. Go to EnergyNet.com or contact Darrell Noblitt, 405-745-3017.

Sincerely,
Steve Toon
Editor, A&D Watch

(This is not your regular issue of A&D Watch. See an update to this story in the next issue.)

Check out Steve's A&D Intelligence blog:

http://www.oilandgasinvestor.com/

"Bring Your Checkbook": Denbury Wants To 1031 Flip Its Barnett Assets
Supers Battle For Gold In Western GOM
Why U.S. Oil & Gas Producers Should Get Behind Rob Curnock In Texas District 17—Home Of The Barnett Shale, Deep Bossier And President Bush
Encore Stays The Course, Looks To Divest NonCore
Chesapeake's McClendon To XTO's Simpson: "Don't Dog The Haynesville"
Shales Gone Wild Part 1–Haynesville Too Cash Intensive For Small Players, Expect Consolidation; Will Majors Step Up?
High On Chaparral, Edge Assets On Sale
Shales Gone Wild Part 2—Go West To Find Little-Known Shale Plays In The Rockies