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.
SM Energy Co. retained EnergyNet for the sale of two separate asset packages in the Permian Basin through sealed-bid offerings closing July 7.
The offerings include operations in 14 wells in Howard and Martin counties, Texas, plus another package comprised of nonoperated working interest in 10 wells in Howard County operated by affiliates of Callon Petroleum Co. and Occidental Petroleum Corp. Both packages include HBP leasehold acreage.
Bids for both packages are due at 4 p.m. CST on July 7. For complete due diligence information on any of the packages visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Lot 82601 (Operated Permian Basin Opportunity)
Highlights:
- Operated Working Interest in 14 Wells in Howard and Martin Counties, Texas:
- 100.00% to 55.531226% Working Interest / 80.00% to 42.203732% Net Revenue Interest (Before Payout)
- 13 Producing Wells | One Non-Producing Well
- Six-Month Average 8/8ths Production: 64 bbl/d of Oil and 143 Mcf/d of Gas
- 596.19 Net HBP Leasehold Acres
- Operator Bond Required
Lot 59277 (Nonoperated Permian Basin Opportunity)
Highlights:
- Nonoperated Working Interest in 10 Producing Wells in Howard County, Texas:
- 35.43849% to 5.058847% Working Interest / 28.3508% to 3.787941% Net Revenue Interest
- Operators: Callon Petroleum Operating Co. and OXY USA Inc.
- Six-Month Average 8/8ths Production: 630 bbl/d of Oil and 1,110 Mcf/d of Gas
- Six-Month Average Net Cash Flow: $104,601/Month
- 632.00 Net HBP Leasehold Acres
Recommended Reading
CS Energy, Luminace Complete Solar Project Atop Landfill
2024-09-24 - CS Energy and Luminace closed a landfill in New Jersey that remained uncapped since the 1980s and built two 5-megawatt solar projects on top of it.
TotalEnergies Cranks Up 1.2-GW Solar Farms in Texas
2024-09-30 - TotalEnergies’ Danish Fields and Cottonwood solar farms are part of a portfolio of 4 GW of renewable energy assets the Paris-based company is operating or constructing in Texas.
DNV: Emissions Fall, Solar Soars, Oil Demand Shrinks 35% by 2050
2024-10-09 - The Norwegian risk manager spotlights the good and not so good in its latest global energy transition outlook, including predictions that half of all vehicles sold worldwide by 2031 will be electric.
Enlight Begins Operations at New Mexico Solar Project
2024-09-12 - Enlight Renewable Energy has started initial operations at its $827 million Atrisco Solar and Energy Storage project, which will reach full commercial operations over the coming weeks.
Energy Transition in Motion (Week of Oct. 4, 2024)
2024-10-04 - Here is a look at some of this week’s renewable energy news, including the startup of a solar module manufacturing facility with an annual 2-gigawatt capacity.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.