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.
Chevron U.S.A. Inc. and Chevron MidContinent LP retained EnergyNet Indigo as the exclusive adviser for the sale of a conventional Permian oil position in Andrews County, Texas, in a sealed-bid offering closing Oct. 28.
The offering includes a legacy operated asset position covering roughly 13,705 net acres plus royalty interest, HBP leasehold and mineral fee in the Andrews/Parker Field.
Highlights:
- Legacy Operated Assets with Additional Royalty Interest within the Andrews/Parker Field in Andrews County, Texas:
- 93 Operated Producing Wells with an Average Ownership of ~98% Working Interest and ~87% Net Revenue Interest
- Producing from the Grayburg, Pennsylvanian, San Andres, and Wolfcamp Formations
- 31 Injection Wells
- Nine Royalty Wells with an Average Ownership of ~5%
- Stable Net Production of ~488 boe/d (~81% Oil) Last 12-month Average
- Field Average Annual Decline of ~3%
- Last 12-month Average Net Cash Flow of ~$168,000/month
- ~15,860 Gross (~13,705 Net) Acres
Bids are due at 4 p.m. CDT on Oct. 28. The effective date of sale is Oct. 1.
For complete due diligence information visit indigo.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
NOG Commits Up to $160MM to Appalachian Basin Joint Venture
2024-12-12 - Northern Oil and Gas has entered a joint development program with an Appalachian Basin operator, which wasn’t named, in exchange for a 15% working interest, the company said.
Scout Taps Trades, Farm-Outs, M&A for Uinta Basin Growth
2024-11-29 - With M&A activity all around its Utah asset, private producer Scout Energy Partners aims to grow larger in the emerging Uinta horizontal play.
Logan Energy Closes Gran Tierra Joint Venture Acquisition
2024-12-18 - Logan Energy Corp. paid approximately $37 million for 50% working interests in Gran Tierra’s Simonette Montney assets and will assume operatorship.
Freehold Closes $182MM Acquisition of Midland Basin Interests
2024-12-16 - Freehold Royalties’ acquisition from a private seller includes around 1,300 boe/d of net production and 244,000 gross drilling acres largely operated by Exxon Mobil and Diamondback Energy.
ONEOK Completes EnLink Midstream Takeover for $4.3B
2025-02-02 - ONEOK had agreed to acquire the remaining stake in EnLink in November 2024 for $4.3 billion after having acquired the controlling interest a month prior.
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.