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.
Kaiser-Francis Oil Co. retained EnergyNet for the sale of a 111 well package of nonoperated working interest and royalty interest through an auction closing Feb. 16. The assets are located across the Texas Panhandle in Hemphill, Ochiltree, Roberts and Wheeler counties, Texas.
Highlights:
- Nonoperated Working Interest in 110 Wells
- Average Working Interest of ~11.46% / Average Net Revenue Interest of ~10.15%
- 44 Producing Wells | 66 Non-Producing Wells
- 46 Wells Include a Royalty Interest
- Three Wells are After Payout Only
- Royalty Interest in the Non-Producing Teas 4304 Well:
- 2.35838% Royalty Interest
- Converts to Nonoperated Working Interest After Payout
- Six-month Average 8/8ths Production: 3,299 Mcf/d of Gas and 13 bbl/d of Oil
- Six-month Average Net Cash Flow: $8,917/Month
- ~1,875 Net Acres
Bids are due at 1:30 p.m. CST on Feb. 16. For complete due diligence information on either package 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.
Recommended Reading
Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely
2024-10-10 - Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.
After BKV’s IPO, Is Market Open to More Public SMID Caps?
2024-10-03 - The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
2024-10-04 - Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
Private Equity Gears Up for Big Opportunities
2024-10-04 - The private equity sector is having a moment in the upstream space.
Exclusive: How E&Ps Yearning Capital can Stand Out to Family Offices
2024-10-15 - 3P Energy Capital’s Founder and Managing Partner Christina Kitchens shares insight on the “educational process” of operators looking at opportunities in the U.S. and how E&Ps looking for capital can interest family offices, in this Hart Energy Exclusive interview.
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.