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.
EnergyNet has been retained by EnerVest Energy Institutional Co-Investment XII-1A LP to offer for sale a 593-well package and leasehold acreage in North Texas through an auction closing June 10.
The offering includes nonoperated working interest, overriding royalty interest (ORRI) and royalty interest plus roughly 1,800 net leasehold acres located in Denton, Henderson, Hood, Johnson, Montague, Parker, Tarrant and Wise counties, Texas.
Highlights:
- Nonoperated Working Interest in 514 Wells:
- 12.947% to 0.26712% Working Interest / 10.980382% to 0.206902% Net Revenue Interest (After Payout)
- 415 Producing Wells | 95 Non-Producing Wells | Four Plugged and Abonded Wells
- 83 After Payout Only (Currently in Before Payout Status)
- An Additional ORRI in 43 Wells
- An Additional Royalty Interest in 15 Wells
- An Additional Unleased Mineral Interest in 15 Wells
- Select Operators include Bedrock Production LLC, Devon Energy Production Co. LP and EOG Resources Inc.
- ORRI in 79 Wells:
- 0.478787% to 0.002056% ORRI
- 56 Producing Wells | 23 Non-Producing Wells
- Select Operators including Blackbeard Operating LLC, Eagleridge Operating LLC and XTO Energy Inc.
- Six-Month Average 8/8ths Production: 98.098 MMcf/d of Gas and 172 bbl/d of Oil
- Nine-Month Average Net Cash Flow: $81,091 per Month
- About 1,800.00 Net Leasehold Acres
Bids are due by 1:45 p.m. CT June 10. 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.
Recommended Reading
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Utica’s Encino Boasts Four Pillars to Claim Top Appalachian Oil Producer
2024-11-08 - Encino’s aggressive expansion in the Utica shale has not only reshaped its business, but also set new benchmarks for operational excellence in the sector.
Wildcatting is Back: The New Lower 48 Oil Plays
2024-12-15 - Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly.
Valeura Energy Updates Jasmine Development Offshore Thailand
2024-11-27 - Valeura Energy has seen aggregate oil production of 10,000 bbl/d in its offshore Gulf of Thailand development over a seven-day period.
Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’
2024-10-24 - Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.