The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Public Gas Partners Inc. retained Meagher Energy Advisors for the sale of nonoperated leasehold and minerals in the Permian's central and Midland basins.
The offer comprises assets across 14 counties in Texas including Andrews, Coke, Cooke, Crockett, Dawson, Gaines, Glasscock, Hockley, Irion, Martin, Midland, Schleicher, Scurry, Upton and Yoakum counties. Bids are due July 18.
Highlights:
- Land
- 8,730.59 Net Acres
- Majority is HBP
- Average interest in existing wells
- Working Interest: 23.55%, Net Revenue Interest: 18.92%
- Average effective net royalty interest 80%
- 698.64 net mineral acres
- About 200 active wells
- 8,730.59 Net Acres
- Reserves and Economics
- Net daily production
- 86 barrels of oil, 126,000 cubic feet of gas
- Monthly cash flow
- $51,640
- Net daily production
- Overview
- Notable Operators
- Apache Corp., Chevron Corp., Diamondback Energy Inc., Occidental Petroleum Corp., Pioneer Natural Resources Co., Unit Petroleum Co. and XTO Energy Inc.
- Over 150 active rigs in these 15 counties
- Notable Operators
The sale is expected to have a June 1 effective date and close on Aug. 15.
For information visit meagheradvisors.com or contact Derec Norman, director of marketing at Meagher, at dnorman@meagheradvisors.com or 918-481-5900.
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