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.
Lovely Oil LLC and lskandia Energy Operating Inc. retained EnergyNet for the sale of a 113 well package within the Permian Basin in Pecos County, Texas, through a sealed-bid offering closing Sept. 8.
The offering includes operations and nonoperated working interest plus 6,480 net leasehold acres.
Highlights:
- 6,480.00 Net Leasehold Acres
- 28.6% of Acreage is All Depths
- 94% of Acreage Covers the Clear Fork/Tubb Formations
- Operated Working Interest in 111 Wells:
- 100.00% to 76.04167% Working Interest / 86.24086% to 59.83075% Net Revenue Interest
- 32 Producing Wells | Four Injection Wells (Three Temporarily Abandoned) | 28 Non-Producing Wells | 49 Temporarily Abandoned Wells
- Nonoperated Working Interests in Two Wells:
- Operators: Four C Oil & Gas Corp.and N & O Oil Co.
- Six-month Average 8/8ths Production: 34 bbl/d of Oil and 32 Mcf/d of Gas
- Operator Bond Required
Bids are due by 4 p.m. CST on Sept. 8. For complete due diligence information on any of the packages visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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