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.
Safari Production Co. Inc. retained EnergyNet for the sale of the Petru, V.A. Lease in South Texas through an auction closing Feb. 14. The package includes 100% gross working interest with operations plus 720 net leasehold acres in Willacy County, Texas.
Highlights:
- Operated Working Interest in Petru, V.A. Lease:
- 100.00% Working Interest / 78.423558% Net Revenue Interest
- Five Producing Wells | Two Non-Producing Wells
- Six-Month Average 8/8ths Production: 558 Mcf/d of Gas and 16 bbl/d of Oil
- The Petru 6 began producing 600+ Mcf/d in mid November
- Five-Month Average Net Income: $31,449/Month
- Projected December 2020 Net Income: $100,118
- 720.00 Net Leasehold Acres
- Operator Bond Required
Bids are due by 1:35 p.m. CST Feb. 14. For complete due diligence information on either package 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.
Recommended Reading
Solaris to Acquire Mobile Energy Rentals, Rename to Solaris Energy Infrastructure
2024-07-10 - Following the closing of its deal to acquire Mobile Energy Rentals, Solaris Oilfield Infrastructure will also be rebranding to Solaris Energy Infrastructure to more closely represent its expanded solutions offerings.
APA Closes Midland Basin, Eagle Ford Divestitures for $660 Million
2024-07-11 - APA Corp. and subsidiary Apache sold non-core assets in the Permian Basin and Eagle Ford Shale sooner than expected, and for less, as the company looks to reduce debt from its Callon Petroleum deal earlier this year.
Martin Resource Sidesteps Firms’ Criticism, Offer for Midstream MLP
2024-07-11 - Martin Resource Management, which in May proposed buying spinoff Martin Midstream Partners, responded to two capital firms’ counteroffer made public July 11 by saying it’s not interested.
US Silica Investors OK Apollo’s $1.85B Take-private Deal
2024-07-16 - U.S. Silica stockholders approved a $1.85 billion all-cash deal with Apollo Global Management, a transaction that will take publicly traded proppant services provider private.
LLOG Exploration Acquires 41 Deepwater Gulf of Mexico Blocks
2024-07-17 - LLOG acquisition makes it the sole interest holder and operator in the 41 Gulf of Mexico blocks.