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)
Cabot Oil & Gas West Texas Properties Asset Map (Source: EnergyNet)

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.

Onshore