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. retained EnergyNet for the sale of properties in the Permian and San Juan basins in an auction closing Sept. 18.
The offering comprises of overriding royalty interest (ORRI) and royalty interest in nearly 300 properties plus minerals and leasehold located in various New Mexico counties.
Highlights:
- ORRI in 266 Properties:
- 8.835% to 0.004774% ORRI
- 247 Producing Properties | One Saltwater Disposal | 17 Non-Producing Properties | One Plugged and Abandoned Property
- Royalty Interest in 32 Properties:
- 5.90625% to 0.318858% Royalty Interest
- 27 Producing Properties | Four Non-Producing Properties | One Temporarily Abandoned Property
- Six-Month Average Net Income: $12,358 per Month
- Six-Month Average 8/8ths Production: 1,332 barrels per day of Oil and 10.937 million cubic feet per day of Gas
- 2,084.16 Net Mineral Acres
- 2,035.16 Net Non-Producing Net Mineral Acres
- 49.00 Net Producing Net Mineral Acres
- 2,808.00 Net Leasehold Acres
- Select Operators include COG Operating LLC, Dugan Production Corp. and Hilcorp Energy Co.
![QEP New Mexico Royalties Asset Map (Source: EnergyNet)](/sites/default/files/inline-images/QEP%20New%20Mexico%20Royalties%20Asset%20Map%20Source%20EnergyNet.png)
QEP Energy is an affiliate of QEP Resources Inc.
Bids are due by 3:05 p.m. CDT Sept. 18. For complete due diligence information energynet.com or email Ryan Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Artificial Lift Meets Artificial Intelligence, with Hit and Miss Results
2024-08-23 - Oxy and Chevron are among companies trying to find the sweet spot between data analytics and machine learning with human intervention to optimize production and predict failures before they happen.
What a Trump Win Would Mean for Oil Prices and Stocks
2024-08-23 - A second Trump administration might move the price needle on oil slightly, but OPEC would retain the upper hand in any outcome.
Trans Mountain Appoints New CEO, President
2024-08-23 - Trans Mountain appointed Mark Maki to CEO, succeeding Dawn Farrell who will now be chairman of the board.
Canada’s Train Strike Goes Off—Then Back On—the Rails
2024-08-23 - After the Canadian government stepped in to end the work stoppage, the Teamsters Union indicated that the strike would go forward.
Energy Transition in Motion (Week of Aug. 23, 2024)
2024-08-23 - Here is a look at some of this week’s renewable energy news, including a promising outlook for global offshore wind capacity.