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.
EOG Resources Inc. retained EnergyNet for the sale of a Permian Basin opportunity in New Mexico through a sealed-bid offering closing April 14.
The offering comprises a 103-well package including operations, nonoperated working interest and overriding royalty interest (ORRI) plus over 23,000 net leasehold acres in New Mexico’s Chaves, Lea and Roosevelt counties.
Highlights:
- View the Executive Summary at EnergyNet.com
- Operations in 71 Wells:
- 100.00% to 15.7556% Working Interest / 82.333333% to 13.78615% Net Revenue Interest
- An Additional ORRI in 51 Wells
- 34 Producing Wells | 37 Non-Producing Wells
- Nonoperated Working Interest in 24 Wells:
- 40.00% to 5.20% Working Interest / 35.00% to 4.55% Net Revenue Interest
- An Additional ORRI in Nine Wells
- 18 Producing Wells | Five Non-Producing Wells | One Saltwater Disposal Well
- Select Operators include Cross Border Resources Inc. and Read & Stevens Inc.
- ORRI in Eight Wells:
- 6.00% to 0.01879% ORRI
- Five Producing Wells | Three Non-Producing Wells
- Select Operators include BXP Operating LLC and Foundation Energy Mgt LLC
- Six-Month Average 8/8ths Production: 2.272 MMcf/d of Gas and 158 bbl/d of oil
- Six-Month Average Net Income: $86,108/Month
- Next 12-month ~$1.8 million with additional $550,000 Restoration
- Based on January Nymex Strip
- 23,682.181 Net Leasehold Acres
- Operator Bond Required
Bids are due by 4 p.m. CST April 14. For complete due diligence information on either package visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
Trump Ambiguous Whether Canadian-Mexico Tariffs to Include Oil
2025-01-31 - At a news conference, President Trump said that he would exclude oil from tariffs before backtracking to say that he “may or may not” impose duties on crude.
US Crude Oil Stocks, Excluding SPR, Fall to 2-Year Low, EIA Says
2025-01-15 - Crude inventories fell by 2 MMbbl to 412.7 MMbbl in the week ending Jan. 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 992,000-bbl draw.
Oil Prices Ease as US Tariffs On Mexico Paused for a Month
2025-02-03 - WTI crude futures were down $0.04, or 0.01%, at $72.49 after climbing as much as 3.7% earlier in the session to reach their highest since Jan. 24 at $75.18.
What's Affecting Oil Prices This Week? (March 24, 2025)
2025-03-24 - Oil demand will be picking up as we move into warmer months for the northern hemisphere. For the upcoming week, Stratas Advisors think the price of Brent crude will move higher and will test $73.
What's Affecting Oil Prices This Week? (Jan. 13, 2025)
2025-01-13 - Stratas Advisors expect that there is some room for oil prices to move higher this week, but the price of Brent crude oil will struggle to breakthrough $82.50.
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.