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.
Foundation Energy Management LLC retained EnergyNet for the sale of a 117 well package, including operations and nonoperated working interest, throughout Texas through a sealed-bid offering closing Sept. 16.
Highlights:
- Operated Working Interest in 106 Wells:
- 100.00% to 25.00% Working Interest / 87.50% to 19.3125% Net Revenue Interest
- 48 Producing Wells | Two Saltwater Disposal Wells | Eight Water Injection Wells | 48 Non-Producing Wells
- Nonoperated Working Interests in 11 Wells:
- 100.00% Working Interest / 80.96767% Net Revenue Interest in the La-Pan Gas Storage Unit
- 6.25% Working Interest / 4.38281% Net Revenue Interest in the Producing Overton #1 Well
- 0.298443% Working Interest / 0.223832% Net Revenue Interest in the Producing Curtis Unit #1 Well
- Operators include Amplify Energy Operating LLC, Arcadia Resources Inc. and Atmos Pipeline - Texas
- Six-month Average 8/8ths Production: 98 bbl/d of Oil and 430 Mcf/d of Gas
- Five-month Average Net Income: $38,801/Month
- Operator Bond Required
Bids are due by 4 p.m. CST on Sept. 16. For complete due diligence information on any of the packages visit energynet.com or email Zachary Muroff, vice president of business development, at Zachary.Muroff@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
EON Enters Funding Arrangement for Permian Well Completions
2024-12-02 - EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks
2024-10-30 - Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
2024-11-01 - Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
ConocoPhillips Hits Permian, Eagle Ford Records as Marathon Closing Nears
2024-11-01 - ConocoPhillips anticipates closing its $17.1 billion acquisition of Marathon Oil before year-end, adding assets in the Eagle Ford, the Bakken and the Permian Basin.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
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.