Through numerous mineral and royalty acquisitions in DeSoto and Sabine Parishes, Louisiana, NRI Energy Royalties has acquired 1212 net royalty acres that are generating over $150,000 in monthly income. The operators of the producing wells on NRI’s minerals and royalties are Comstock, Covey Park, Indigo, Vine and WilDril. The producing formations are the Cotton Valley, the Haynesville and the Bossier sands. Drilling activity continues unabated.
GP Howard LLC – January 22, 2019
GP Howard has leased almost 6000 contiguous acres in the northeast corner of Howard county, Texas. With some land work, this acreage will allow for seven 1280 acre drilling units. Bayswater, Hannathon and High Peak Resources have drilled several wells nearby that confirm that horizontal wells in this area are economic from the Wolfcamp “A” and “C”. GP Howard is in the process of shooting 3D seismic on its acreage and it should be processed by late second quarter of 2019.
GP Hovey LLC – January 23, 2019
GP Hovey LLC owns interests in almost 4000 contiguous acres in the southern part of the Alpine High field. The oil & gas lease with the lessee will expire in March of 2019. GP Hovey has a railroad terminal and has a water well to access the prolific aquifer on the ranch.