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.
Pivotal Midland Basin LP retained EnergyNet for the sale of a Permian well package through an auction closing June 30.
The offering includes nonoperated working interest in 31 wells located within the Midland Basin in Midland County, Texas, operated by affiliates of Callon Petroleum Co. and Diamondback Energy Inc.
Highlights:
- Nonoperated Working Interest in 31 Wells:
- 4.15% to 1.13033% Working Interest / 3.1125% to 0.840695% Net Revenue Interest
- An Additional Unleased Mineral Interest in Four Wells
- 27 Producing Wells | Four Shut-In Wells (As of June 1)
- Six-Month Average Net Income: $42,781/Month
- Current Average 8/8ths Production: 5,934 BOPD and 7,464 MCFPD
- Operators: Callon Petroleum Operating, LLC and Diamondback E&P LLC
Bids are due by 2:15 p.m. CDT on June 30. For complete due diligence information on any of the packages visit energynet.com or email Zachary Muroff, vice president of business development, at Zachary.Muroff@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
2024-07-26 - Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
Solaris Stock Jumps 40% On $200MM Acquisition of Distributed Power Provider
2024-07-11 - With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.
Atlas Energy Appoints Chris Scholla as New COO
2024-08-07 - Chris Scholla previously served as Atlas Energy Solutions’ chief supply chain officer and pushed the company into the oilfield logistics market.
Berkshire Hathaway Boosts stake in Occidental Petroleum to Nearly 29%
2024-06-19 - Warren Buffett's Berkshire Hathaway Inc. acquired another 2.95 million shares in Occidental Petroleum.
Halliburton Sees NAM Activity Rebound in ‘25 After M&A Dust Settles
2024-07-19 - Halliburton said a softer North American market was affected by E&Ps integrating assets from recent M&A as the company continues to see international markets boosting the company’s bottom line.