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.
California Resources Production Corp. retained EnergyNet for the sale of a San Joaquin Basin opportunity through a sealed-bid offering closing on Oct. 20. The offering includes minerals for lease plus non-producing leasehold in the Valpredo Prospect in California’s Kern County.
Highlights:
- 2,226.00 Net Fee Acres for Lease
- Three-year Term
- 100% of OGL (Delivering 80% Net Revenue Interest)
- 160.00 Net Leasehold Acres
- 100% of OGL (Delivering 77% Net Revenue Interest)
- Expiring Oct. 9, 2023
- 261 Active Offset Producers
- Select Area Operators include E&B Natural Resource Management Corp. and Longbow LLC
Bids are due at 4 p.m. CDT on Oct. 20. For complete due diligence information visit indigo.energynet.com or email Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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