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.
Lilis Energy Inc. retained EnergyNet for the sale of non-producing Permian Basin leasehold in Reeves County, Texas, through a sealed-bid offering closing Nov. 7.
Highlights:
- 805.00 Gross (804.99 Net) Acres in Section 15, Block C-17, PSL Survey
- 100% of Oil and Gas Leases (Delivering 75% Net Revenue Interest)
- Three-Year Lease Term Expiring March 28, 2020
- 480.00 Gross/Net Acres in Section 23, Block C-17, PSL Survey
- 100% of Oil and Gas Leases (Delivering 75% Net Revenue Interest)
- Three-Year Lease Terms Expiring April 4, 2020 and April 19, 2020
- Nine Offset Rigs
- 319 Offset Permits
- 126 Active | Nine Completed | 116 Drilled/Drilling | 68 Permitted
- 236 (212 Horizontal) Active Producers
- Offset Operators include Centennial Resource Production LLC, MDC Texas Operator LLC and PDC Permian Inc.
Bids are due by 4 p.m. CDT Nov. 7. For complete due diligence information visit 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
E&Ps Pivot from the Pricey Permian
2025-02-01 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
2025-01-09 - Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
Ring May Drill—or Sell—Barnett, Devonian Assets in Eastern Permian
2025-03-07 - Ring Energy could look to drill—or sell—Barnett and Devonian horizontal locations on the eastern side of the Permian’s Central Basin Platform. Major E&Ps are testing and tinkering on Barnett well designs nearby.
EOG Ramps Gassy Dorado, Oily Utica, Slows Delaware, Eagle Ford D&C
2025-03-16 - EOG Resources will scale back on Delaware Basin and Eagle Ford drilling and completions in 2025.
Formentera Joins EOG in Wildcatting South Texas’ Oily Pearsall Pay
2025-01-22 - Known in the past as a “heartbreak shale,” Formentera Partners is counting on bigger completions and longer laterals to crack the Pearsall code, Managing Partner Bryan Sheffield said. EOG Resources is also exploring the shale.