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.
Resource Strategies LLC retained EnergyNet for the sale of oil and gas assets in the Big Escambia Creek area of Alabama through an auction closing June 26.
The offer comprises nonoperated working interest in multiple wells plus the Big Escambia Creek gas plant located in Escambia County, Ala.
Highlights:
- 31.9851% to 0.018831% Working Interest / 25.500848% to 0.015298% Net Revenue Interest in 16 Wells:
- 10 Producing Wells | Five Non-Producing Wells | One Temporarily Abandoned Well
- Includes a Working Interest in the Big Escambia Creek Gas Plant
- Six-Month Average 8/8ths Production: 802 barrels per day of Oil and 18.344 million cubic feet per day of Gas
- Six-Month Average Net Cash Flow: $73,158 per Month
- Operator: Escambia Operating Co. LLC
Bids are due by 2:40 p.m. CDT June 26. For complete due diligence information energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Oxy’s 1PointFive Lands US Funding for Carbon Sequestration Hubs
2024-10-03 - 1PointFive plans to use the funding to advance site characterization activities, permitting and environmental approvals for construction at each hub, Occidental said.
DOE to Offer Up to $1.3B to Advance CCUS Technologies
2024-09-30 - The Office of Clean Energy Demonstrations said it anticipates the funding solicitation will be released in late 2024.
1PointFive Taps Enterprise Products for CO2 Pipeline Network
2024-10-28 - The network will carry captured carbon from the Houston Ship Channel to a southeast Texas sequestration hub.
Exxon Mobil Ramps Up $400MM CCS Project in Wyoming
2024-10-03 - The $400 million project will expand capture capacity by up to about 1.2 million metric tons of CO2 per year, Exxon Mobil said.
Exxon Mobil Targets $2B More Earnings from Low Carbon Solutions
2024-12-17 - Exxon Mobil executives say the pace of growth for areas such as CCS, hydrogen and lithium vary due to uncertainty.