landowner

Covey Park Buys haynesville/Bossier Assets

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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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 21, 2016 at 13:55

JHH, your discussion duplicates and earlier discussion post.


landownerPermalink Reply by JHH on March 21, 2016 at 15:07

Hey Kathy... Covey Park got our PV minerals too.  So far they've been good operators.


Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 22, 2016 at 1:40

Kathy, I suspect what CP sees is a bargain based on the proved reserves.


landownerPermalink Reply by JHH on March 26, 2016 at 12:29

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


landownerPermalink Reply by JHH on March 26, 2016 at 15:55

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.

Permalink Reply by jffree1 on March 27, 2016 at 6:10

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)

Permalink Reply by jffree1 on March 27, 2016 at 6:21

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)

Attachments:

landownerPermalink Reply by JHH on March 27, 2016 at 13:20

jffree:  Great information on the Harrison county wells. Thanks!

Permalink Reply by jffree1 on March 28, 2016 at 3:06

You're welcome : )

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