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.
Nye Oil LLC has retained EnergyNet for the sale of a 27-property package in Frio and La Salle counties, Texas. The lot# 115876 package includes a six- month average net income of $4,659 per month.
Opportunity highlights:
- Overriding Royalty Interest in 27 Properties (95 Wells):
- Avg ORRI ~0.85%
- Operator Planning on More Wells with 500ft Spacing | Refrac in Multiple Wells
- 6-Month Average (July 2023 - December 2023):
- 8/8ths Production: 2,184 bbl/d and 2,738 cf/d
- Net Production: 17 bbl/d and 22 cf/d
- 6-Month Average Net Income: $42,659/Month
Operator: Cheyenne Petroleum Company
Bids are due April 4 at 1:30 p.m. CDT. For complete due diligence, please visit energynet.com, or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Jewell Arias, buyer relations, at Jewell.Arias@energynet.com.
Recommended Reading
Diamondback Stockholders All in for $26B Endeavor Deal
2024-04-29 - Diamondback Energy shareholders have approved the $26 billion merger with Endeavor Energy Resources.
PE Firm Pearl to Monetize $355MM in Permian Resources Shares
2024-06-18 - Since forming through a merger in 2022, Permian Resources has reduced its stock ownership by a group of private equity backers from over 50% of the company’s outstanding shares to 16% today.
Scott Sheffield Among Investors in Australian Shale Gas IPO
2024-06-27 - The operator who sold Pioneer Natural Resources Co. to Exxon Mobil in May for $59.5 billion joins his son Bryan Sheffield in shale gas investment Down Under.
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.
LandBridge Chair: In-basin Data Centers Coming for Permian NatGas
2024-06-28 - Newly public Delaware Basin surface-owner LandBridge Co. has a 100-year lease agreement with one developer that could result in ground-breaking in two years and 1 GW in demand.