Marketed: Permian Basin Leasehold, Reeves County, Texas

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.

CH4 Energy Six LLC retained EnergyNet for the sale of Permian Basin primary term leasehold rights and optional producing working interest through a sealed-bid offering closing July 8.

The offering includes deep fee non-producing leasehold rights and optional operated working interest in 26 shallow oil and gas properties located in Reeves County, Texas. EnergyNet said the package provides an opportunity to participate in attractive primary term leasehold with an option to acquire producing operated working interest.

Highlights:

• Net Fee Non-Producing Leasehold:
  • 1,317.347812 Net Fee Non-Producing Leasehold Acres - Deep Rights Only
  • Three Offset Rigs
  • 251 Offset Permits
    • 108 Active | 11 Drilled | 64 Drilling/Drilled but Uncompleted | Five Completed | 63 Permitted
  • 497 Active Offset Producers
  • Select Area Operators include Chevron U.S.A Inc., Diamondback E&P LLC, Occidental Permian Ltd., OXY USA Inc., Parsley Energy Operations LLC and XTO Energy Inc.
• Optional Operated Working Interest:
  • Operated Working Interest in 26 Wells - Shallow Rights
    • 100% Working Interest / 83.02083% to 77.50% Net Revenue Interest
    • 15 Active | Three Active Injectors | Seven Inactive | One Temporarily Abandoned
  • Six-Month 8/8ths Production: 52 bbl/d of Oil and 41,000 cubic feet per day of Gas
  • 12-Month Average Net Income: $15,841/Month
  • Operator Bond Required

Bids are due by 4 p.m. CT July 8. For complete due diligence information visit energynet.com or email Ryan P. Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.