--A&D Watch, August 1, 2011--
J.R. Resources LP has retained EnergyNet to sell certain Marcellus shale assets in Pennsylvania in a negotiated transaction.
The package includes interests 11,505.4 leasehold acres (11,012 Marcellus acres) in Armstrong, Clearfield, Indiana and Jefferson counties. The properties feature 341 operated producing wells targeting the Devonian formation. The leases feature mostly 87.5% net revenue interest.
Production is 3.7 million cubic feet of gas per day. Upside includes more than 150 undeveloped upper Devonian locations, a 332-foot lake permitted for frac water, a sandstone quarry for road material and other local assets.
The bid due date is Aug. 24. The effective date is Oct. 1. Contact John S. Munroe, 713-582-7755, email@example.com.
EnergyNet specializes in Auction and Mid-Tier Negotiated sales and is the only continuous oil and gas property marketplace that operates 24/7/365, offering constant liquidity. Selling properties in their lowest definable strategic unit (single well, lease or field) maximizes value by attracting more bidders. EnergyNet's real-time marketplace is designed for sellers and buyers, not the convenience of the advisor. EnergyNet's 24/7/365 sales provide accurate value assessment in a liquid market to track metrics on a consistent and frequent basis, with property sales in every onshore U.S. Basin. Let us match our capabilities to your requirements. Call 877.351.4488 or visit our website: 1.