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.

Grizzly Energy LLC retained EnergyNet for the sale of a package of assets located in the south Scoop/Stack through a sealed-bid offering closing Nov. 7.

The offering includes operations, nonoperated working interest, royalty interest and overriding royalty interest (ORRI) in 171 properties plus leasehold acreage in Carter, Love, Marshall and Stephens counties, Okla.

Highlights:

  • Operations in 21 Wells:
    • 75.15625% to 56.59722% Working Interest / 63.96296% to 43.60732% Net Revenue Interest
    • 16 Producing Wells | One Non-Producing Well | Four Shut-In Wells
  • Nonoperated Working Interest in 31 Properties (Multiple Wells):
    • 67.6875% to 0.390625% Working Interest / 59.22656% to 0.390625% Net Revenue Interest
    • 28 Producing Properties | Three Non-Producing Properties
    • Select Operators include Cimarex Energy Co., Citation Oil and Gas Corp. and Stephens & Johnson Operating Co.
  • Royalty Interest or ORRI in 115 Properties (Multiple Wells):
    • 12.25961% to 0.0084% Royalty Interest/ORRI
    • 85 Producing Properties | 30 Non-Producing Properties
    • Select Operators include Arch Oil and Gas Co., Citation Oil and Gas Corp., Kaiser-Francis Oil Co. and Marathon Oil Co.
  • Unknown Interest in Four Wells
  • 12-Month Average Net Income: $185,024 per Month
  • Six-Month Average 8/8ths Production: 3,529 barrels per day of Oil and 6.602 million cubic feet per day of Gas
  • 1,687.7139 Net Leasehold Acres
Grizzly Energy South Scoop/Stack Package Asset Map (Source: EnergyNet)
Grizzly Energy South Scoop/Stack Package Asset Map (Source: EnergyNet)

Grizzly Energy is the new moniker of Vanguard Natural Resources. Following the completion of a financial restructuring in July, Vanguard emerged with the new name as well as a new focus on operating long-lived producing properties primarily in the Rockies, Permian Basin and Midcontinent regions.

The company also has two more packages on the market through EnergyNet comprised of sealed-bid opportunities in the Northern Scoop/Stack and Anadarko Southeast.

Bids for the company's south Scoop/Stack package are due by 4 p.m. CDT Nov. 7. For more information on the offering as well as other opportunities visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore