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.
Moontower Resources LLC retained EnergyNet for the sale of a Wolfcamp Shale opportunity within the Permian Basin through a sealed-bid offering.
The offering comprises operations with 100% gross working interest in seven well plus leasehold acreage in Culberson County, Texas.
Highlights:
- Operations in Seven Wells:
- 100.00% Working Interest / 75.00% Net Revenue Interest
- Three Producing Wells | One Saltwater Disposal Well | One Water Supply Well (Shut-In) | Two Shut-In Wells
- Three-Month Average Net Income: $339,201/Month
- Six-Month Average 8/8ths Production: 4,651 Mcf/d of Gas and 148 bbl/d of Oil
- 6,103.87 Gross/Net Leasehold Acres:
- 1,603.37 Net HBP Leasehold Acres
- 4,500.50 Net Non-Producing Leasehold Acres
- Operator Bond Required
Bids are due by 4 p.m. CST May 26. For complete due diligence information on any of the packages 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
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Lion Equity Partners Buys Global Compression from Warren Equipment
2025-01-09 - Private equity firm Lion Equity Partners has acquired Warren Equipment Co.’s Global Compression Services business.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
EnLink Investors Vote in Favor of ONEOK Buyout
2025-01-30 - Holders of EnLink units voted in favor of ONEOK’s $4.3 billion acquisition of the stock, ONEOK announced Jan. 30.
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
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.