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.
Merit Management Partners IV LP retained EnergyNet for the sale of a 190-well package across Oklahoma's Dewey, Ellis, Roger Mills and Woodward counties through an auction closing June 10.
The offering includes operations, nonoperated working interest and overriding royalty interest (ORRI) plus development potential on HBP leasehold acreage and minerals.
Highlights:
- Operated Working Interest in 68 Wells:
- 100.00% to 21.259164% Working Interest / 81.25% to 16.572769% Net Revenue Interest (Before Payout)
- 57 Producing Wells | 11 Non-Producing Wells
- 100% Owned and Operated Grand Gathering System:
- 34 Active Wells on System | Averages about 1.800 MMcf/d of Gas
- Nonoperated Working Interest in 106 Wells:
- 57.142857% to 0.15625% Working Interest / 46.42857% to 0.126953% Net Revenue Interest
- Four Wells After Payout Only
- 74 Producing Wells | 31 Non-Producing Wells | One Temporarily Abandoned Well
- Select Operators include Crawley Petroleum Corp., EOG Resources Inc. and Mewbourne Oil Co.
- ORRI in 16 Producing Wells:
- 4.01875% to 0.071237% ORRI
- Select Operators include EOG Resources Inc., FourPoint Energy LLC and Templar Operating LLC
- Additional Royalty Interest in Three Recently Completed Horizontal Wells:
- Royalty Interest Unknown as the Horizontal Allocation Has Not Been Made Between the Sections | Seller Estimates a Royalty Interest of 1% to 1.5%
- Seller Elected a Royalty Interest under Option 7.2 of Pooling Order 76623 with its 160 net acres in the Spoonbill 20X17-17-23 HA, Spoonbill 20X17-17-23 HB, and Spoonbill 20X17-17-23 HC Wells
- Operator: FourPoint Energy
- 12-Month Average Net Income: $108,463 per Month
- Six-Month Average 8/8ths Production: 9.259 MMcf/d of Gas and 562 bbl/d of Oil
- HBP Leasehold Acreage:
- Tonkawa - 4,536.69 Net Acres
- Cottage Grove - 3,797.36 Net Acres
- Cleveland - 3,225.81 Net Acres
- Cleveland Base to Atoka Base - 4,224.93 Net Acres
- Morrow - 5,566.29 Net Acres
- 242.00 Net Mineral Acres
Bids are due by 1:40 p.m. CT June 10.For complete due diligence information visit energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana
2024-09-09 - Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
Aethon, Murphy Refinance Debt as Fed Slashes Interest Rates
2024-09-20 - The E&Ps expect to issue new notes toward redeeming a combined $1.6 billion of existing debt, while the debt-pricing guide—the Fed funds rate—was cut on Sept. 18 from 5.5% to 5%.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.