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.
Cabot Oil & Gas Corp. retained EnergyNet for the sale of West Texas properties including assets in the Permian Basin through a sealed-bid offering closing June 19.
The offer comprises nearly 90,000 net leasehold acres including state leasehold across Brewster, Jeff Davis and Pecos counties, Texas, plus a minerals position in Jeff Davis.
Highlights:
- 89,676.866 Net Non-Producing Leasehold Acres
- 100% Operated (Delivering 80% to 75% Net Revenue Interests)
- 28,350.45 Net State Leasehold Acres
- All Leases feature Two-Year Options to Extend
- 45,746.231 Net Acres Subject to Consent to Assign
- 2,832.95 Gross / 118.039 Net Non-Producing Mineral Acres in Jeff Davis County
- One Offset Rig
- 12 Offset Permits
- 163 Offset Producers
- Three Bone Spring | 63 Devonian | Six Wolfcamp | Four Yates
- Select Area Operators include Apache Corp., Chevron U.S.A. Inc., Devon Energy Production Co. LP, Exxon Corp. and XTO Energy Inc.
- Operations in Six Wells
- Four Wells Drilled/Cased/Tested | Evaluating
- One Well Drilled/Cased
- One Inactive Well
![Cabot Oil & Gas West Texas Properties Asset Map (Source: EnergyNet)](/sites/default/files/inline-images/Cabot%20Oil%20and%20Gas%20West%20Texas%20Properties%20Asset%20Map%20Source%20EnergyNet.png)
Bids are due by 4 p.m. CDT June 19. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Marketed: Excess Energy 207 Well Package in Austin Chalk, Eagle Ford Shale
2024-06-04 - Excess Energy has retained EnergyNet for the sale of a Austin Chalk and Eagle Ford Shale, 207 well package in La Salle and Webb counties, Texas.
Enbridge Closes $4.3B Deal for NatGas Utility Questar Gas
2024-06-05 - Following the closing of its deal for Questar Gas Co., Canadian midstream company Enbridge Inc. is nearing the full completion of its acquisition of three U.S. gas utilities.
Beyond Permian? Breaking Down E&Ps’ Second Half M&A Prospects
2024-07-22 - From Permian Resources and Diamondback Energy to Matador Resources and Civitas Resources, analysts weigh in on upstream companies’ M&A mindset as second-quarter earnings season gets underway.
Marketed: South Texas Assets in McMullen, Zapata Counties
2024-08-15 - The Trustee of El Dorado Gas & Oil and Hugoton Operating LLC has retained Energy Advisors Group for the sale of South Texas assets in the A.W.P (Olmos) field in McMullen County and in the Mecom Ranch lease (Lobo) in Zapata County, through a bankruptcy sale.
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.