Next Generation Energy has acquired a royalty interest in a natural gas well in Louisiana, US, for an undisclosed sum.
The prolific natural gas well, known as the Hainesville Shale formation, produces more than 230,000Mcf per month.
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Chesapeake Energy unit Chesapeake Operating operates the well.
Next Generation Energy will obtain revenues from this well and any new wells planned in the unit, which includes approximately 600 acres.
