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.

Riverbend Oil & Gas VII LLC retained EnergyNet for the sale of nonoperated oil and gas assets within the Permian Basin through an auction close July 31.

The offer comprises of nonop working interest in 14 wells in Howard County, Texas, plus HBP leasehold acreage operated by a subsidiary of Surge Energy US Holdings Co.

Property Highlights:

  • Nonoperated Working Interest in 14 Wells:
    • 0.984275% Working Interest / 0.719661% Net Revenue Interest in Seven Producing Wolfe-Brophy Unit Wells
    • 0.619144% Working Interest / 0.464358% Net Revenue Interest in Seven Producing Evans-Antell Unit B Wells
    • Three Permitted Wolfe-Brophy Unit Wells
  • Eight-Month Average Net Income: $25,425 per Month
  • Six-Month Average 8/8ths Production: 1,861 barrels per day of Oil and 2.267 million cubic feet per day of Gas
  • Operator: Surge Operating LLC
  • 15.62 Net HBP Leasehold Acres
Riverbend Oil & Gas Nonop Permian Basin Howard County, Texas Asset Map (Source: EnergyNet)
Riverbend Oil & Gas Nonop Permian Basin Howard County, Texas Asset Map (Source: EnergyNet)

Bids are due by 2:35 p.m. CDT July 31. For complete due diligence information energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore