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 Resources Inc. retained EnergyNet for the sale of royalties and overriding royalty interest (ORRI) in various Illinois counties through an auction closing Feb. 6. The offering also includes minerals and leasehold.
Highlights:
- Royalty Interest in 72 Properties:
- 14.0625% to 0.0213% Royalty Interest
- 54 Producing Properties | 18 Non Producing Properties
- ORRI in 22 Properties:
- 11.71875% to 0.44531% ORRI
- 14 Producing Properties | Eight Non-Producing Properties
- Six-Month Average Net Income: $9,378 per Month
- Six-Month Average 8/8ths Production: 398 BOPD
- 5,056.60 Net Mineral Acres
- 4,052.78 Net Non-Producing NMA
- 1,003.82 Net Producing NMA
- 870.89 Net HBP Leasehold Acres
- Select Operators include Becker Oil Inc., Citation Oil & Gas Corp. and Petco Petroleum Corp.
Bids are due by 2 p.m. CST Feb. 6. For complete due diligence information visit 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
Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway
2024-11-26 - With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.
Exxon: Longer Laterals, Cube Well Design Lowering Permian Costs
2024-12-11 - Exxon Mobil is boosting spending to grow global oil and gas production by 18% by 2030. U.S. rival Chevron Corp. recently said it’s cutting spending in favor of free cash flow.
PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
2025-01-08 - Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.
Exclusive: Surge Energy Seeks Midland M&A with $1.3B in Dry Powder
2024-11-19 - Surge Energy is one of the largest private oil producers in the Permian Basin. With $1.3 billion in dry powder to put to work, Surge is scouring the northern Midland Basin for M&A, executive Travis Guidry told Hart Energy.
Exclusive: Permian’s Relevance in US Oil Production Expected to Increase
2024-11-26 - Jefferies’ Pete Bowden, the global head of industrial, energy and infrastructure investing, discussed the trajectory of the Permian Basin’s production and the future of M&A in the increasingly consolidated region, in this Hart Energy Exclusive interview.