Anadarko Petroleum Corp. (NYSE: APC) is offering Powder River Basin operations plus overriding royalty interests in a sealed-bid sale through EnergyNet.
The offer includes interest in three units consisting of about 140 wells and roughly 12,000 net acres in Campbell, Converse and Johnson counties, Wyo.
Highlights:
- About 25,000 gross (12,000 net) acres;
- All acreage is unitized and HBP;
- 12-month average net income is $344,389; and
- Six-month average 8/8ths production is 637 barrels per day of oil and 314 thousand cubic feet per day.
The sale includes 59%-100% gross working interest and 48%-88% in about five wildcat wells (wellbore only).
The offer also includes additional opportunities for horizontal development, according to EnergyNet. Table Mountain’s unit has 10 horizontal locations and Culp Draw has 20 horizontal locations, the firm said.
Offers are due at 4 p.m. CT Oct. 13. For information visit energynet.com or contact EnergyNet's Cody Felton at 281-221-3042.
Recommended Reading
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
2024-10-04 - Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
With Montney Production Set to Grow, US E&Ps Seize Opportunities
2024-10-02 - Canada’s Montney Shale play has already attracted U.S. companies Ovintiv, Murphy and ConocoPhillips while others, including private equity firms, continue to weigh their options.
E&P Highlights: Dec. 2, 2024
2024-12-02 - Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
2024-10-24 - The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.