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
EnergyNet Marketed Map - Pivotal Petroleum Midland Basin Well Package

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.

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