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.

89 Energy Holdings LLC retained EnergyNet for the sale of Oklahoma assets within the Anadarko Basin through a sealed-bid offering closing June 19.

The offer comprises roughly 4,900 gross (2,600 net) non-producing leasehold acres in Blaine, Major and Woodward counties, Okla. The sale also includes an operated Woodford horizontal well.

Highlights:

  • 4,888.32 Gross / 2,565.00 Net Non-Producing Leasehold Acres
    • 100% of Oil and Gas Leases (Delivering 87.50% to 75.00% Net Revenue Interest)
    • 720.333 Net Acres Subject to 1.00% to 12.50% Overriding Royalty Interest
  • 74 Active Offset Permits
    • Four Active | 13 Completed | Six Drilling | 51 Permitted
  • 397 Active Hz Offset Producers
    • 10 Chester | Six Hunton | 12 Meramec | 339 Mississippian
  • Select Area Operators include Chesapeake Operating Inc., Linn Operating Inc., Newfield Exploration Mid-Con Inc., Tapstone Energy LLC, XTO Energy Inc.
  • TBD 21-12-21-1WH AFE
    • 89 Energy II LLC as Operator
    • Woodford Horizontal
    • 8,600 ft (Total Vertical Depth) : 13,960 ft (Total Measured Depth)
    • About $5,059,840 Total
89 Energy Oklahoma Properties Blaine, Major And Woodward Counties Asset Map (Source: EnergyNet)
89 Energy Oklahoma Properties Blaine, Major And Woodward Counties Asset Map
(Source: EnergyNet)

Bids are due by 4 p.m. CDT June 19. For complete due diligence information energynet.com or email Emily McGinley, manager of business development, at Emily.McGinley@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore