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.
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