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.
QEP Energy Co., subsidiary of QEP Resources Inc., retained EnergyNet for the sale of Kentucky and Michigan asset packages in auction closing March 5.
In Kentucky, QEP is offering producing mineral and royalty interests and overriding royalty interest (ORRI) in 21 properties plus non-producing minerals located in various counties. Meanwhile, the Michigan package includes ORRI and producing mineral and royalty interests in 12 wells plus HBP leasehold acreage located in Grand Traverse, Ingham, Isabella, Lake, Manistee, Mecosta and Otsego counties.
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.
Kentucky Property Highlights:
- 7,416.50 Net Mineral Acres:
- 6,671.93 Net Non-Producing Minerals
- 744.57 Net Producing Minerals
- Royalty Interest in 13 Properties:
- 9.375% to 0.27764% Royalty Interest
- 12 Producing Properties | One Non-Producing Property
- ORRI in Eight Producing Properties:
- 5.46875% to 0.272116% ORRI
- Six-Month Average 8/8ths Production: 38 barrels per day (bbl/d) of Oil and 98,000 cubic feet per day of Gas
- Six-Month Average Net Income: $1,364 per Month
- Select Operators include Nicholas A & Darry R Cain, Countrymark Energy Resources LLC, Robinson Engineering & Oil Co. Inc. and Vinland Energy Operations LLC
![QEP Energy Kentucky Asset Map](/sites/default/files/inline-images/65435_Map.png)
Bids are due by 2:10 p.m. CST March 5.
Michigan Property Highlights:
- Royalty Interest in Eight Properties:
- 3.375% to 0.26992% Royalty Interest
- An Additional 0.626% to 0.050037% ORRI in Three Properties
- Six Producing Properties | Two Non-Producing Properties
- ORRI in Four Producing Properties:
- 12.50% to 2.00% ORRI
- Six-Month Average Net Income: $1,869 per Month
- Six-Month Average 8/8ths Production: 124 bbl/d of Oil and 592,000 cubic feet per day of Gas
- 190.70 Net Producing Mineral Acres
- 187.96 Net HBP Leasehold Acres
- Operators include Breitburn Operating LP, Lambda Energy Resources LLC, Maverick Exploration & Production Inc., Ranch Production LLC and Summit Petroleum Corp.
![QEP Energy Michigan Asset Map](/sites/default/files/inline-images/64878_Map.png)
Bids are due by 2:15 p.m. CST March. 5.
Recommended Reading
Crescent Energy: Bigger Uinta Frac Now Making 60% More Boe
2024-05-10 - Crescent Energy also reported companywide growth in D&C speeds, while well costs have declined 10%.
E&P Highlights: May 13, 2024
2024-05-13 - Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.
Exxon Mobil Goes Long with Permian’s Poker Lake Well
2024-06-04 - Exxon Mobil’s Permian wells manager tells Hart Energy about the successes and challenges in drilling one of the longest lateral wells in the basin.
US Drillers Cut Most Oil, Gas Rigs in a Month Since August
2024-05-31 - The oil and gas rig count, an early indicator of future output, held steady at 600 in the week to May 31.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row
2024-06-28 - The oil and gas rig count fell by seven to 581 in the week to June 28.