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Caddo Minerals Inc. retained EnergyNet for the sale of producing mineral and royalty packages in the Williston Basin, Eagle Ford Shale and Permian Basin through multiple auctions closing May 19.
Assets are located in North Dakota's Williams County, and Burleson, Dimmit and Martin counties, Texas. Operators include affiliates of Parsley Energy Inc., Chesapeake Energy Corp. and Kraken Oil & Gas LLC.
For complete due diligence information visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Williston Basin
Williams County, N.D.
EnergyNet has been retained by Caddo Minerals to offer for sale a two-well package (producing mineral interest/royalty interest - 44.00 net royalty acres) located in North Dakota's Williams County.
Highlights:
- 44.00 Producing Net Royalty Acres:
- 0.4287% Royalty Interest in the Jefferson 31-30 #1TFH and #2H Horizontal Wells
- Six-Month Average 8/8ths Production: 261 bbl/d of Oil and 724,000 cubic feet per day of Gas
- 15-Month Average Net Income: $4,032 per Month
- Operator: Kraken Operating LLC
Bids are due by 2:50 p.m. CT May 19.
Eagle Ford Shale
Burleson County, Texas
EnergyNet has been retained by Caddo Minerals to offer for sale an eight-well package (producing mineral interest/royalty interest) located in Burleson County, Texas.
Highlights:
- Royalty Interest (Producing Minerals) in Eight Producing Wells:
- 0.50562% to 0.0059765% Royalty Interest
- Current Average 8/8ths Production: 3,688 bbl/d of Oil and 1.071 MMcf/d of Gas
- March 2020 Net Income: $30,523
- Operator: Chesapeake Operating LLC
Bids are due by 2:30 p.m. CT May 19.
Dimmit County, Texas
EnergyNet has been retained by Caddo Minerals to offer for sale a six-well package (producing mineral interest/royalty interest - 163.94 net royalty acres) in the Eagle Ford Shale located in Dimmit County, Texas.
Highlights:
- 163.94 Producing Net Royalty Acres:
- 3.585363% to 1.4381% Royalty Interest in Six Producing Eagle Ford Horizontal Wells
- Current Average 8/8ths Production: 2,374 bbl/d of Oil and 5.712 MMcf/d of Gas
- Four-Month Average Net Income: $76,894 per Month
- Operator: Chesapeake Operating LLC
Bids are due by 4 p.m. CT May 19.
Permian Basin
Martin County, Texas
EnergyNet has been retained by Caddo Minerals to offer for sale a five-well package (producing mineral interest/royalty interest) plus three drilled but uncompleted wells (DUCs) in the Permian Basin located in Martin County, Texas.
Highlights:
- Royalty Interest (Producing Minerals) in Five Producing Wells:
- 1.610631% to 1.384507% Royalty Interest
- Three DUCs
- Current Average 8/8ths Production: 3,098 bbl/d of Oil and 2.474 MMcf/d of Gas
- Five-Month Average Net Income: $85,165 per Month
- Operator: Parsley Energy Operations LLC
Bids are due by 4 p.m. CT May 19.
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