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.
YTEF Non-Op Capital LLC, an affiliate of Millennial Energy Partners, retained EnergyNet for the sale of a six-well package in Webb County, Texas, through an auction closing Dec. 7. The package, Lot# 90764, includes nonoperated working interest in the wellbores of six producing wells operated by SM Energy Co.
Highlights:
- Nonoperated Working Interest in the Wellbores of Six Producing Wells:
- 2.50% Working Interest / 1.875% Net Revenue Interest
- 10-Month Average Net Income: $62,559/Month
- Six-Month Average 8/8ths Production: 289 bbl/d of Oil and 10,770 Mcf/d of Gas
- Six-Month Average Net Production: 5 bbl/d of Oil and 202 Mcf/d of Gas
- Operator: SM Energy Co.
![EnergyNet Marketed Map - Millennial Energy Partners Affiliate Nonop South Texas Well Package](/sites/default/files/inline-images/EnergyNet%20Marketed%20Map%20-%20Millennial%20Energy%20Partners%20Affiliate%20Nonop%20South%20Texas%20Well%20Package.jpg)
Bids are due at 2:55 p.m. CDT on Dec. 7. For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Jewell Arias, buyer relations / transactions manager, at Jewell.Arias@energynet.com.
Recommended Reading
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
2024-06-14 - Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.
The ABCs of ABS: Financing Technique Shows Flexibility and Promise
2024-07-29 - As the number of ABS deals has grown, so have investors’ confidence with the asset and the types of deals they are willing to underwrite.
The ABCs of ABS: Financing Technique Shows Flexibility and Promise
2024-07-29 - As the number of ABS deals has grown, so have investors’ confidence with the asset and the types of deals they are willing to underwrite.
Family Offices: Familiar and New Names Coming to Oil, Gas Table
2024-06-06 - Haynes and Boone semi-annual surveys of oil and gas lenders and producers reveal measured optimism capital formation—and a broader audience of family offices than seen in prior decades is tuning in.
Asset-backed Securitization Emerges as Growing Finance Opportunity
2024-06-25 - A relatively new type of financing has emerged for E&Ps—PDP asset-based securitization.