Marketed: Abraxas Petroleum Delaware Basin Opportunity, Pecos County, Texas

The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Abraxas Petroleum Corp. retained EnergyNet for the sale of a Delaware Basin opportunity in Pecos County, Texas. The sealed-bid offering, Lot 95904, includes roughly 2,389 net mineral acres of non-producing minerals located on the Hudgins Ranch Prospect.

Highlights:

• 2,388.88 Net Mineral Acres
• Portion of Acreage Subject to Current OGL:
  • Five-Year Term Expiring Dec. 21
  • 1/5th Royalty Interest
  • Lessee: CKS Energy Group LP
• Nine Active Offset Producers
• Select Area Operators include Apache Corp., Chevron U.S.A. Inc., Kaiser-Francis Oil Co. and XTO Energy Inc.
• Operator Bond Required

Bids are due at 4 p.m. CDT on July 26. For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Denna Arias, executive director of acquisitions and divestments, at Denna.Arias@energynet.com.