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.
EP Energy E&P Co. LP retained EnergyNet for the sale of operated Permian Basin assets located in Crockett County, Texas, through an auction.
The offer includes an operated 100% gross working interest in two wells plus 1,290.00 gross/net HBP leasehold acres.
(Source: EnergyNet)
Highlights:
- 100.00% Working Interest / 75.00% Net Revenue Interest in the Producing Bean Ranch UV-34 1H Well:
- 90.00% Working Interest / 67.50% Net Revenue Interest After Payout
- 100.00% Working Interest / 75.00% Net Revenue Interest in the Producing Double T Ranch OP-69 2H Well
- 12-Month Average Net Income: $47,076 per month
- Six-Month Average 8/8ths Production: 649,000 cubic feet per day of Gas and 13 barrels per day of Oil
- 1,290.00 Gross/Net HBP Leasehold Acre
Bids are due at 1:35 p.m. CDT April 24. 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.
Recommended Reading
Helix Secures Multi-year GoM Contract with Shell Offshore
2024-09-04 - Under the contract, to begin in 2025, Helix Energy Solutions will provide well intervention services for Shell Offshore in the U.S. Gulf of Mexico.
Woodside Reports Record Q3 Production, Narrows Guidance for 2024
2024-10-17 - Australia’s Woodside Energy reported record production of 577,000 boe/d in the third quarter of 2024, an 18% increase due to the start of the Sangomar project offshore Senegal. The Aussie company has narrowed its production guidance for 2024 as a result.
Hunting Wins Contracts for OOR Services to North Sea Operators
2024-08-29 - Hunting is securing contracts worth up to $60 million to deliver organic oil recovery technology to increase recoverable reserves for North Sea operators.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
2024-10-22 - SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
Souki’s Saga: How Tellurian Escaped Ruin with ‘The Pause,’ $1.2B Exit
2024-09-11 - President Biden’s LNG pause in January suddenly made Tellurian Inc.’s LNG export permit more valuable. The company’s July sale marked the end of an eight-year saga—particularly the last 16 months, starting with when its co-founder lost his stock, ranch and yacht in a foreclosure.