Interesting...
EP Energy (NYSE:EPE), an independent exploration and production company, disclosed in a regulatory filing that it has entered into a purchase and sale agreement with Covey Park Gas LLC to sell substantially all of their assets located in the Haynesville and Bossier shales. The total consideration is $420 million in cash, subject to customary adjustments. Covey Park Gas delivered into escrow a deposit of $21 million in connection with the execution of the agreement.
http://sonoranweeklyreview.com/ep-energy-sells-assets-in-haynesvill...
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JHH, your discussion duplicates and earlier discussion post.
Hey Kathy... Covey Park got our PV minerals too. So far they've been good operators.
Kathy, I suspect what CP sees is a bargain based on the proved reserves.
kathy... will you post or send some details on this wells. Family has land leased by CP in southern Harrison and northern Panola.
thanks, jh
no worry... i know someone who knows the RR commission website backwards and forwards. don't think we have any minerals in that area... but checking anyway. thanks for the alert.
The first new Haynesville permits in Harrison Co. since 2012:
Marsh Gas Unit #2H and Marshall Gas Unit #2H are on the same pad in the J. L. Chambers Survey, Section 315, A-188.
(plats attached)
The first new Haynesville permits in Harrison Co. since 2012:
Marsh Gas Unit #2H and Marshall Gas Unit #2H are on the same pad in the J. L. Chambers Survey, Section 315, A-188.
(plats attached)
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