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.
Cimarex Energy Co., an affiliate of Coterra Energy Inc., retained EnergyNet for the sale of its holdings in the Yates Field Unit in the Permian Basin through an auction. The offering includes nonoperated working interest and royalty interest plus HBP leasehold acreage in Pecos County, Texas.
Highlights:
- Nonoperated Working Interest in the Yates Field Unit:
- 0.470342% Working Interest / Various Tract Net Revenue Interests
- An Additional 1.30208% RI in Tract 26
- Operator: Kinder Morgan Production Co. LLC
- Six-month Average Net Cash Flow: $51,339/Month
- Six-month Average 8/8ths Production: 15,306 bbl/d of oil and 71,879 Mcf/d (Includes unit production)
- 676.43 Net HBP Leasehold Acres
Cimarex was acquired by Cabot Oil & Gas in October 2021, forming Coterra Energy.
The auction for the Cimarex assets closes at 1:55 p.m. CST on June 22. For complete due diligence information visit energynet.com or email Ethan House, managing director, at Ethan.House@energynet.com.
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