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.
Battalion Oil Corp. retained EnergyNet for the sale of a Bakken Shale package through an auction closing March 2. The offering includes 6,254.7887 net leasehold acres plus a four well package (nonoperated working interest) in North Dakota’s Burke County.
Highlights:
- 6,254.7887 Net Leasehold Acres:
- 6,134.7887 Net Non-Producing Leasehold Acres | 120.00 HBP Leasehold Acres
- 100% of Oil and Gas Leases (Delivering 83.33% to 85.00% Net Revenue Interest)
- Nonoperated Working Interests in Four Producing Horizontal Wells:
- 9.375% to 4.758279% Working Interest / 7.8125% to 3.965233% Net Revenue Interest (After Payout)
- Nordloef 4-30-19TFH-160-90L is After Payout Only
- Six-month Average 8/8ths Production: 252 bbl/d of Oil and 391 Mcf/d of Gas
- Six-month Average Net Income: $22,729/Month
- Operator: Lime Rock Resources III-A LP
Bids are due at 2:25 p.m. CST on March 2. For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
DNO Discovers Oil in New Play Offshore Norway
2024-12-02 - DNO ASA estimated gross recoverable resources in the range of 27 MMboe to 57 MMboe.
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
DNO Makes Another Norwegian North Sea Discovery
2024-12-17 - DNO ASA estimated gross recoverable resources in the range of 2 million to 13 million barrels of oil equivalent at its discovery on the Ringand prospect in the North Sea.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.