Denver-based Aspect Abundant Shale LP is pleased to announce the sale of its north Texas Barnett Shale Properties to a unit of Williams (NYSE: WMB) for $166 million cash. The sale assets include 41 existing producing wells with daily net production of approximately 9 million cubic feet equivalent (MMCFE), 175 billion cubic feet equivalent (Bcfe) of proved, probable and possible reserves on approximately 10,000 net acres predominately located in Tarrant, Johnson and Hood counties. The company expects the transaction to close in early September 2008 and plans to re-invest the proceeds of this sale in multiple clean burning natural gas resource basins in North America. This is the second major sale for AASLP this year. In February, AASLP closed on the sale of its Fayetteville, Arkansas holdings. Aspect Abundant Shale LP,...
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