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
Brigham Exploration Grows Permian Footprint in Non-Op Assets Deal
2024-12-17 - Brigham Exploration is significantly adding to its Permian Basin non-operated portfolio with an acquisition of 7,000 acres from Great Western Drilling.
Orion Acquires SCOOP/STACK Interests, Pursuing Permian Deals
2024-11-11 - Orion Diversified Holding Co. is pursuing negotiations with several oil companies in the Permian Basin to acquire oil and gas assets, the company’s CEO said.
On The Market This Week (Jan. 20, 2025)
2025-01-24 - Here is a roundup of marketed oil and gas interests in the Delaware Basin, Midcontinent and Bakken from select sellers.
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.
Diversified Bolts-On Appalachia Gas Production, Midstream Assets
2025-01-06 - Diversified Energy will buy Summit Natural Resources’ assets, including producing wells and coal mine methane wells, in the southern part of the Appalachian Basin.
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.