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.
Retama Minerals LP retained EnergyNet for the sale of minerals and overriding royalty interest (ORRI) in Oklahoma's Grady and McClain counties through two separate auctions closing March 31.
For complete due diligence information visit energynet.com or email Emily McGinley, manager of business development, at Emily.McGinley@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Lot 65612—McClain County, Okla.
Highlights:
- 172.81832 Net Non-Producing Mineral Acres
- 162.9996 Net Mineral Acres Subject to Lease
- 7.00 Producing Net Mineral Acres
- 0.068515% Royalty Interest in the Producing Charles 0334 #1H Well
- Seven-Month Average Net Income: $318 per Month
- Six-Month Average 8/8ths Production: 282 barrels per day of Oil and 381,000 cubic feet per day of Gas
- Operator: Native Exploration Operating
- 0.068515% Royalty Interest in the Producing Charles 0334 #1H Well
- 245.238796 Net Non-Producing ORRI Acres
- One Offset Rig
- 77 Offset Permits
- 1,064 Active Offset Producers
- Select Area Operators include Casillas Operating LLC, Charter Oak Production Co. LLC, EOG Resources Inc., Ovintiv Mid-Continent Inc. and Red Rocks Oil & Gas Operating LLC
- Further subject to Oklahoma state sales tax
Bids are due by 3:10 p.m. CT March 31.
Lot 65646—Grady and McClain Counties, Okla.
Highlights:
- 509.570322 Net Non-Producing ORRI Acres
- 17.383875 Net Non-Producing Mineral Acres
- 8.521059 Producing Net Mineral Acres
- 0.040527% to 0.004883% Royalty Interest in Six Producing Wells
- An Additional ORRI in the Tomcat 1621 1H Well
- Three-Month Average Net Income: $184 per Month
- Six-Month Average 8/8ths Production: 1,012 bbl/d of Oil and 1.856 million cubic feet per day of Gas
- Operators include Citizen Energy III LLC, EOG Resources Inc., Paloma Partners IV LLC and TRP Operating LLC
- Two Offset Rigs
- 254 Offset Permits
- 163 Active | 80 Drilled/Drilling Uncompleted | 11 Permitted
- 1,313 (479 Horizontal) Active Offset Producers
- Further Subject to Documentary Stamp Fees
Bids are due by 3:15 p.m. CT March 31.
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