The most notable geological features of this region are the Lower Huron (Devonian) shale at a relatively shallow drill depth, of 3,200 to 5,000 feet, and Marcellus shale with Utica shale lying at deeper levels underneath.
In addition to treatment, FRS offers numerous water management service options such as storage, transport services (rail and truck), and disposal (non-return) across Pennsylvania.
The package includes ownership in approximately 250 producing wells with a weighted average 93% working interest (approximately 76% net revenue interest) across 13,274 gross / 12,243 net acres, all of which is held by production.
SITLA has begun using EnergyNet’s online marketplace to market the over-the-counter leasing units, and the full tract information can be found at the company’s government lease sale.
The transaction includes a 60% working interest in Mid-Con Energy's Cushing Field and various working interests in select Southern Oklahoma waterflood units.
The largest of Capstone’s leasehold interest is in Schleicher County, Texas, where it holds about 5,000 acres targeting the Canyon Sands, Wolfcamp and Cline shale near El Dorado.