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.
Maverick Natural Resources LLC retained EnergyNet for the sale of Permian and East Texas Basin assets through separate auctions closing May 15.
The offer includes an operated stake in the Permian Basin's Corrigan East Field in Terry County, Texas, plus a separate package of HBP assets in Henderson County, Texas, within the East Texas Basin.
Bids for both packages are due by 2:20 p.m. CDT May 15. 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.
Lot 56815 - Permian Basin
EnergyNet has been retained by Maverick Natural Resources for the sale of 489.187 Net HBP Leasehold Acres plus an eight-well package (100% Gross Working Interest with Operations) located in Terry County, Texas.
Highlights:
- 489.19 Net HBP Leasehold Acres
- 100.00% Working Interest / 81.25% to 76.51368% Net Revenue Interest in Eight Wells:
- Four Producing Wells | Three Injection Wells | One Shut-In Well
- Six-Month Average 8/8ths Production: 96 barrels per day of Oil
Terry County, Texas Asset Map (Source: EnergyNet)
Lot 57432 - East Texas Basin
EnergyNet has been retained by Maverick Natural Resources for the sale of 641.0215 Net HBP Leasehold Acres plus Flagg Gas Unit 1 (100% Gross Working Interest with Operations) located in Henderson County, Texas.
Highlights:
- 641.0215 Net HBP Leasehold Acres
- 100.00% Gross Working Interest / 77.407523% Net Revenue Interest in the Producing Flagg Gas Unit 1
- Six-Month Average 8/8ths Production: 2,000 cubic feet per day of Gas
Henderson County, Texas Asset Map (Source: EnergyNet)
Recommended Reading
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
2025-01-14 - The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
EON Enters Funding Arrangement for Permian Well Completions
2024-12-02 - EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.
Utica’s Infinity Natural Resources Seeks $1.2B Valuation with IPO
2025-01-21 - Appalachian Basin oil and gas producer Infinity Natural Resources plans to sell 13.25 million shares at a public purchase price between $18 and $21 per share—the latest in a flurry of energy-focused IPOs.
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-17 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Chevron Targets Up to $8B in Free Cash Flow Growth Next Year, CEO Says
2025-01-08 - The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects in Kazakhstan, U.S. shale and the offshore U.S. Gulf of Mexico.