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.
Daylight Petroleum LLC retained EnergyNet as the exclusive adviser to assist with the sale of certain oil and gas properties and related assets located in Ector, Loving and Reeves counties, Texas through an offering closing Dec. 2.
The offering includes a 62 well package with operations and overriding royalty interest (ORRI) plus 1,358 HBP leasehold acres.
Highlights:
- Operated Working Interest in 55 Wells:
- Average Working Interest ~96.20% / Average Net Revenue Interest ~76.80%
- 35 Producing Wells | 14 Non-producing Wells | Six Injection Wells
- Overriding Royalty Interest in Seven Wells:
- Average ORRI ~8.79%
- Five Producing Wells | Two Non-producing Wells
- Operators: Endeavor Energy Resources and Pen-Tex Production Co. Inc.
- Six-month Average 8/8ths Production: 93 bbl/d of Oil and 188 Mcf/d of Gas
- Six-month Average Net Income: $96,667/Month
- 1,358.00 Net HBP Leasehold Acres
Bid sale due at 4 p.m. CST on Dec. 2. Effective date of sale Dec. 1.
For complete due diligence information on any of the packages visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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