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.
[Editor's note: Bid due date has been updated to Sept. 11. Bids were previously due on Sept. 18.]
An affiliate of Carrizo Oil & Gas Inc. retained EnergyNet for the sale of a Permian Basin package of Alpine High assets in West Texas through a sealed-bid offering closing Sept. 11.
The offering comprises Carrizo Permian LLC non-producing leasehold in Culberson and Reeves counties, Texas, offset by several operators including Apache Corp. (Editor's note: Callon Petroleum Co. agreed in July to acquire Carrizo Oil & Gas in an all-stock transaction worth roughly $3.2 billion.)
Highlights:
- 11,184.1672 Net Non-Producing Leasehold Acres
- 100% of Oil and Gas Leases (Delivering 80.00% to 75.00%)
- 1,752.34 Net State Leasehold Acres
- Three- and Five-Year Terms
- 18 Active Offset Permits (12 Horizontal Wolfcamp)
- 58 Offset Producers
- Offset Operators include Apache Corp., Cinnabar Operating LLC, Concho Resources Inc. and Luxe Operating LLC
![Carrizo Alpine High Leasehold Permian Basin Asset Map Culberson and Reeves counties, Texas (Source: EnergyNet)](/sites/default/files/inline-images/Carrizo%20Alpine%20High%20Leasehold%20Permian%20Basin%20Asset%20Map%20Culberson%20and%20Reeves%20counties%20Texas%20Source%20EnergyNet.png)
The transaction is expected to have a Sept. 1 effective date, according to EnergyNet.
Bids are due by 4 p.m. CDT Sept. 11. For complete due diligence information energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Scott Sheffield Sues FTC for Abuse of Power Over Exxon-Pioneer Deal
2025-01-21 - A Federal Trade Commission majority opinion in May barred former Pioneer Natural Resources CEO Scott Sheffield from serving in any capacity with Exxon Mobil Corp. following its acquisition of the Permian Basin E&P.
Trump’s Executive Order Delivers Blow to US Offshore Wind
2025-01-21 - President Trump’s executive order halts new offshore wind leasing and permitting activity effective Jan. 21.
Report: Trump to Declare 'National Energy Emergency'
2025-01-20 - President-elect Donald Trump will also sign an executive order focused on Alaska, an incoming White House official said.
US to Withdraw from Paris Climate Agreement, White House Says
2025-01-20 - The announcement, in a document from the White House, reflects President Trump’s skepticism about global warming, which he has called a hoax.