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EP Energy E&P Co. LP retained EnergyNet for the sale of its nonop stake in Utah assets within the Uinta Basin through an auction.

The offer comprises nonoperated working interest and overriding royalty interest (ORRI) in 16 wells plus HBP leasehold covering 1,202.242 net acres located in Duchesne and Uintah counties, Utah.

Highlights:

EP Energy Nonop, ORRI Uinta Basin Asset Map (Source: EnergyNet)
EP Energy Nonop, ORRI Uinta Basin Asset Map
(Source: EnergyNet)
  • Nonoperated Working Interest in 13 Wells:
    • 30.00% to 6.25% Working Interest / 25.00% to 5.29701% Net Revenue Interest
    • Six Wells After Payout Only
    • Nine Producing Wells | Four Shut-In Wells
  • ORRI in Three Producing Wells:
    • 3.00% to 2.50% ORRI
    • The Huber Federal 26-24 Converts to Nonoperated Working Interest After Payout
  • Current Average 8/8ths Production: 165 barrels per day of oil and 198,000 cubic feet per day of gas
  • Six-Month Average Net Income: $5,629 per month
  • 1,202.242 Net HBP Leasehold Acres
  • 15.705 Net Mineral Acres
  • Operators include Crescent Point Energy U.S. Corp. and Finley Resources Inc.

Bids are due at 1:40 p.m. CST April 17. 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