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.
Black Stone Energy Co. LLC retained EnergyNet for the sale of interests in over 6,500 wells across the U.S. through a sealed-bid offering closing Aug. 25.
The offering comprises nonoperated working interest and overriding royalty interest (ORRI) in 6,563 wells located in various counties and states including Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, Oklahoma, Texas, Virginia, West Virginia and Wyoming.
Highlights:
- Nonoperated Working Interest in 6,219 Wells:
- Average Working Interest 2.2461999% / Average Net Revenue Interest 1.8011984%
- An Additional ORRI in 121 Wells
- 4,409 Producing Wells | 1,810 Non-Producing Wells
- Select Operators include BP America Production Co., Chesapeake Operating Inc., TEP Barnett USA LLC and XTO Energy Inc.
- ORRI in 344 Wells:
- Average ORRI 0.1033482%
- 325 Producing Wells | 19 Non-Producing Wells
- Select Operators include Cimarex Energy Co., Gulfport Midcon LLC, Marathon Oil Co. and Newfield Exploration Mid-Continent Inc.
- Six-month Average 8/8ths Production: 685,556 Mcf/d of Gas and 17,982 bbl/d of Oil
- Five-month Average Net Cash Flow: $277,480/Month
Bids are due by 4 p.m. CST on Aug. 25. For complete due diligence information on any of the packages 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
Delivering Dividends Through Digital Technology
2024-12-30 - Increasing automation is creating a step change across the oil and gas life cycle.
E&P Highlights: Feb. 3, 2025
2025-02-03 - Here’s a roundup of the latest E&P headlines, from a forecast of rising global land rig activity to new contracts.
Tethys Oil Suspends Kunooz-1 Well in Oman
2024-12-13 - The decision to suspend its Kunooz-1 exploration well comes after flow testing failed to confirm the presence of commercially-viable hydrocarbons, Tethys said.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
E&P Highlights: Dec. 9, 2024
2024-12-09 - Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.
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.