The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
The Oil & Gas Asset Clearinghouse LLC has been retained for the sale of a multi-well operated production package within the Permian Basin in Winkler County, Texas.
Highlights:
- Producing formations: Wichita, Albany and Grayburg
- 1,230 acres
- 160 acres deep rights including Wolfcamp
- 100% Working Interest
- 75%-80% Net Revenue Interest
- Average net cash flow $53,069 per month (last seven months)
The seller of the package is Oliver Brown.
Bids are due by Sept. 25. For information visit ogclearinghouse.com or contact Garrett Mayer, senior vice president of business development for Clearinghouse, at gmayer@ogclearinghouse.com or 214-766-6041.
Recommended Reading
What's Affecting Oil Prices This Week? (Nov. 11, 2024)
2024-11-12 - The return of Donald Trump to the U.S. presidency could have both positive and negative impacts on the oil market.
Clean Harbors Increases Pricing for Used Oil Services
2024-11-11 - Clean Harbors said the changes come in response to lower value and return on its re-refined products due to price declines in base oil, vacuum gas oil and recycled fuel oil.
ELGi, IESS System Reinjects NatGas into Reservoirs Following Bakken Flaring Ban
2024-11-11 - Industrial Equipment Sales & Services and ELGi North America have developed a technology that upgrades compressed air systems to be able to capture and reinject excess gas in lieu of flaring.
US NatGas Prices Hit 25-Year Low at Henry Hub, Negative Territory at Waha
2024-11-11 - U.S. spot natural gas prices fell on Nov. 11 to a 25-year low at the Henry Hub. At the Waha Hub in West Texas, prices fell into negative territory.
Trafigura Signs NatGas Supply Agreement with NuVista
2024-11-08 - Under the agreement, NuVista Energy will supply Trafigura with 21,000 MMBtu/d of natural gas for up to thirteen years, starting Jan. 1, 2027.