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.

An affiliate of Encana Corp. retained EnergyNet for the sale of Permian Basin assets located in Howard County, Texas, through an auction closing Oct. 2.

The offering comprises of leasehold acreage plus operations in a three-well package and nonoperated interest in a drilled but uncompleted well (DUC).

Highlights:

  • 3,535.0727 Net Non-Producing Leasehold Acres
    • 100% of Oil and Gas Leases (Delivering 81.25% to 75.00% Net Revenue Interest)
  • 292.644 Net HBP/Producing Leasehold Acres
  • Two Active Offset Rigs
  • 149 Active Offset Permits
    • 78 Active | 47 Drilling/Drilled | 24 Permitted
  • 521 Offset Producers (121 Horizontal)
    • 353 Trend Area | 31 Wolfcamp
  • Operated Working Interest in Three Wells:
    • 100.00% Working Interest to 89.285713% Working Interest / 75.00% to 69.895536% Net Revenue Interest
    • Two Producing Wells | One Non-Producing Well
    • Six-Month Average 8/8ths Production: five barrels per day of oil and 12,000 cubic feet per day of gas
  • Nonoperated Working Interest in the Mortal Storm 12-13-24 Horizontal DUC
    • 6.232427% Working Interest / 4.6743203% Net Revenue Interest (After Payout Only)
Encana Permian Asset, Howard County, Texas Asset Map (Source: EnergyNet)
Encana Permian Asset, Howard County, Texas Asset Map (Source: EnergyNet)

Bids are due by 2:35 p.m. CDT Oct. 2. For complete due diligence information energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore