An affiliate of Mid-Con Energy Partners LP (NASDAQ: MCEP) is selling operated Permian Basin assets in Texas through a sealed-bid offering handled by EnergyNet.
The offer includes working and royalty interests in more than 110 wells in the Permian’s Eastern Shelf. The assets are located in Coke, Coleman, Fisher, Haskell, Jones, Kent, Nolan, Runnels, Stonewall and Taylor counties, Texas.
Highlights:
- Operated working interest in 118 wells;
- 65% to 100% gross working interest and 53.908422% to 86.5% net revenue interest;
- Additional 0.04% to 1.5625% royalty interest in three wells;
- 73 producing wells, three active saltwater disposal/injection wells and 42 nonproducing wells;
- Six-month average 8/8ths production of 283 barrels of oil per day and 136,000 cubic feet per day; and
- 12-month average net operating income of $177,159 per month.
Bids are due by 4 p.m. CT Oct. 18. For information visit energynet.com or contact EnergyNet’s Denna Arias at 281-949-8463.
Recommended Reading
E&Ps Pivot from the Pricey Permian
2025-02-01 - SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Murphy Shares Drop on 4Q Miss, but ’25 Plans Show Promise
2025-01-31 - Murphy Oil’s fourth-quarter 2024 output missed analysts’ expectations, but analysts see upside with a robust Eagle Ford Shale drilling program and the international E&P’s discovery offshore Vietnam.
Crescent Energy Closes $905MM Acquisition in Central Eagle Ford
2025-01-31 - Crescent Energy’s cash-and-stock acquisition of Carnelian Energy Capital Management-backed Ridgemar Energy includes potential contingency payments of up to $170 million through 2027.
On The Market This Week (Jan. 27, 2025)
2025-01-31 - is a roundup of marketed oil and gas leaseholds in Appalachia and the Central Basin from select E&Ps.
Utica Liftoff: Infinity Natural Resources’ Shares Jump 10% in IPO
2025-01-31 - Infinity Natural Resources CEO Zack Arnold told Hart Energy the newly IPO’ed company will stick with Ohio oil, Marcellus Shale gas.