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.

An affiliate of Merit Energy Co. retained EnergyNet for the sale of multiple packages of oil and gas assets throughout Kansas and Wyoming in four, separate auctions.

The assets on the chopping block include overriding royalty and nonoperated working interests within the Midcontinent region in Finney and Haskell counties, Kan., as well as in Hot Springs County, Wyo. The combined average net income of the packages total roughly $900,000, according to EnergyNet.

Bidding for the auctions closes on Feb. 21. For complete due diligence information visit energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com.

Highlights:

Lot 54912

EnergyNet has been retained by Merit Management Partners I LP et al to offer for sale its Sequoyah Morrow Unit (overriding royalty interest) located in Finney County, Kan.

  • 8.4912% Overriding Royalty Interest in the Sequoyah Morrow Unit:
    • 11 Producing Wells | Six Non-Producing Wells | Seven Injection Wells | One Water Supply Well
  • Six-Month Average 8/8ths Production: 197 barrels per day (bbl/d) of Oil
  • Six-Month Average Net Income: $30,685 per Month
  • Operator: Merit Energy Co.

The auction closes at 2:45 CST Feb. 21

Lot 54927

EnergyNet has been retained by Merit Management Partners I LP et al to offer for sale its Onion Marmaton Unit and Sequoyah Morrow Unit (nonoperated Working Interest) located in Finney and Haskell counties, Kan.

  • 24.4294% Working Interest / 21.3757% Net Revenue Interest in the Onion Marmaton Unit:
    • Eight Producing Wells | Five Injection Wells | One Water Supply Well | One Saltwater Disposal Well
  • 2.7039% Working Interest / 2.3659% Net Revenue Interest in the Sequoyah Morrow Unit:
    • 11 Producing Wells | Six Non-Producing Wells | Seven Injection Wells | One Water Supply Well
  • Six-Month Average 8/8ths Production: 651 bbl/d of Oil and 47,000 cubic feet per day of Gas
  • Six-Month Average Net Income: $171,778 per Month
  • Operator: Merit Energy Co.

The auction closes at 2:50 p.m. CST Feb. 21.

Lot 54928

EnergyNet has been retained by Merit Management Partners I LP et al to offer for sale its Hylbom Morrow Unit and 16 Well Package (nonoperated Working Interest) located in Finney and Kearny counties, Kan.

  • 30.0484% Working Interest / 26.2924% Net Revenue Interest in 16 Wells:
    • 11 Producing Wells | Five Active Injection Wells
  • Six-Month Average 8/8ths Production: 510 bbl/d of Oil and 3,000 cubic feet per day of Gas
  • Five-Month Average Net Income: $294,007 per Month
  • Operator: Merit Energy Co.

The auction closes at 2:55 p.m. CST Feb. 21.

Lot 54958

EnergyNet has been retained by Merit Management Partners I LP et al to offer for sale its Hamilton Dome Unit and Westates Lease including a 292 Well Package (nonoperated Working Interest) located in Hot Springs County, Wyo.

  • Nonoperated Working Interest in 292 Wells (296 Properties and Multiple Producing Formations):
    • 23.507798% Working Interest / 19.68675% Net Revenue Interest in the Hamilton Dome Unit
    • 24.902417% Working Interest / 20.801163% Net Revenue Interest in the Westates Lease
    • 191 Producers | 74 Injection Properties | 14 Shut-In Properties | 17 Temporarily Abandoned Properties
  • Six-Month Average 8/8ths Production: 2,234 barrels (Total Hamilton Unit and Westates Production)
  • Six-Month Average Net Income: $411,488 per Month
  • Operator: Merit Energy Co.

The auction closes at 3 p.m. CST Feb. 21.

Onshore