Anadarko Petroleum, EnergyNet, Powder River Basin, Wyoming, oil, natural gas, sale, marketed, on the market, overriding royalty interest, Campbell, Converse, Johnson, Culp Draw, Table Mountain, Heldt Draw, Oil and Gas Investor, Hart Energy, Cody Felton

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.

Anadarko Petroleum, Powder River Basin, EnergyNet, oil, natural gas, sale

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.