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.
Excess Energy has retained EnergyNet for the sale of a Austin Chalk and Eagle Ford Shale, 207 well package in La Salle and Webb counties, Texas. The lot# 115862 package includes a four-month average net income of $50, 856 per month.
Opportunity Highlights:
- 679.70 Net Mineral Acres
- Royalty Interest in 196 Wells:
- Avg RI ~0.25%
- An Additional ORRI in 19 Wells
- Overriding Royalty Interest in 11 Wells:
- Avg ORRI ~0.34%
- Nine DUCs & 18 Permits
- Four-Month Average Net Income: $50,856/Month
- Six-Month Average 8/8ths Production: 141,262 MCFPD and 7,855 BOPD
- Six-Month Average 8/8ths Production: 427 MCFPD and 12 BOPD
- Select Operators:
- EOG Resources, Inc.
- Escondido Resources Oper Co, LLC
- INEOS Usa Oil & Gas LLC
- Lewis Petro Properties, Inc.
Bids are due June 6 at 4 p.m. CDT. For complete due diligence, please visit energynet.com or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
Recommended Reading
Growth Through M&A: The Making of an Eagle Ford and Uinta Giant
2024-10-04 - Crescent Energy CEO discusses the expanding gravitational pull of Crescent after acquiring SilverBow and others.
Crescent Energy Bolts On Oil-weighted Eagle Ford Acreage
2024-09-04 - The deal, Crescent said, builds on the company’s Eagle Ford M&A in the past 18 months, including its recent $2.1 billion acquisition of SilverBow Resources.
Crescent to Double, Largely Through M&A, in the Next Five Years, CEO Says
2024-10-23 - Crescent Energy CEO David Rockecharlie said that after closing the SilverBow acquisition, the company is continuing to hunt for new assets, although few make it past the company’s screening process.
As Permian Targets Grow Scarce, 3Q M&A Drops to $12B—Enverus
2024-10-16 - Upstream M&A activity fell sharply in the third quarter as public consolidation slowed and Permian Basin targets dwindled, according to Enverus Intelligence Research.
Asia, EU Buyers Warming Up to US Shale M&A Again—Jefferies
2024-10-29 - Foreign asset buyers are considering U.S. upstream M&A to lower their LNG supply costs and avoid windfall taxes on European operations, Jefferies Managing Director Bill Marko says.
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