Sunday, November 17, 2024

EnergyNet has been retained by Michael E. Shelton to assist with the sale of a Salt Dome Storage Site located in Wharton County, Texas

This is a Sealed Bid offering with Bids Due 07/15/2020 at 4:00 PM CDT. Effective date of sale 07/01/2020.

 

Opportunity Highlights:

  • Executive Teaser attached
  • 2 Contiguous Tracts in the Northwest Quadrant of the Boling Salt Dome:
    • First Tract is 100.09 Acres with 100% Ownership in Surface and Minerals
    • Second Tract is 109.032 Acres with 100% Ownership in Surface and Portion of Interest in Minerals
  • Largest Onshore Salt Dome in the Continental United States
  • Both 3D And 2D Seismic Prove that there are No Overhangs or Anomalies that Would Prevent its Use For Storage
  • Top Of Caprock is at 383′ on Average and Top Of Salt at a Depth of 975′, Extending to a Depth of at least 30,000′
  • Nearby Gas Storage Facility Operating for over 30 Years Proves the Strength and Stability of the Dome

sale of a Salt Dome Storage Site located in Wharton County

 

 

Please see the attached Executive Summary for additional details regarding the opportunity and access the online data room: https://www.energynet.com/property_information.pl?lot=69251

This is a Sealed Bid offering with Bids Due 07/15/2020 at 4:00 PM CDT. Effective date of sale 07/01/2020.

For additional information and to learn more about this opportunity, please contact:

 

Denna K. Arias

Vice President, Corporate Development

EnergyNet.com

O 832-403-3125

Denna.arias@energynet.com

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