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.
Tracker Lario Utica LLC and TLU Royalty Holdings LLC retained EnergyNet for the sale of a nonoperated stake in producing Utica Shale assets in Ohio through an auction.
The offer comprises nonoperated working interest and overriding royalty interest in 19 wells plus HBP leasehold acres located in Harrison, Noble and Tuscarawas counties, Ohio. Operators include affiliates of Chesapeake Energy Corp., EnerVest Ltd. and Ascent Resources.
Property Highlights:
- Nonoperated Working Interest in Five Producing Wells:
- 21.342629% to 5.00% Working Interest / 17.074103% to 4.00% Net Revenue Interest
- Overriding Royalty Interest in 14 Wells:
- 0.628121% to 0.060294% Overriding Royalty Interest
- 12 Convert to Nonoperated Working Interest After Payout
- 13 Producing Wells | One Shut-In Well
- Six-Month Average Net Income of $91,863 per Month
- Six-Month Average 8/8ths Production of 1,362 barrels per day of Oil and 13.361 million cubic feet per day of Gas
- 143.1984 Net HBP Leasehold Acres
- Operators include Ascent Resources Utica LLC, Chesapeake Exploration LLC and EnerVest Operating LLC
Bids are due by 2:20 p.m. CST March 27. For complete due diligence information energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Canada’s Completed TMX Pulling Crude Off of American-bound Pipelines
2024-11-04 - Trans Mountain completed work on the company’s namesake pipeline expansion on May 1. It was the end of a difficult and controversial pipeline project that started development in the 2010s under Kinder Morgan.
FERC Closes Out ’24 with Rulings to Boost LNG Supply
2025-01-02 - A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
First Permits for Enbridge’s Line 5 Re-Route Issued in Wisconsin
2024-11-15 - Wisconsin’s Department of Natural Resources approved an environmental plan to move Enbridge’s Line 5 pipeline’s path off of a tribal reservation.
High Court Hears Potentially Influential Uinta Basin Case
2024-12-11 - U.S. Supreme Court justices heard arguments over a Utah railroad that could have big implications for the energy sector’s adherence to environmental requirements.
Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
2024-12-19 - Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.