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.

Relentless Permian Resources LLC retained EnergyNet for the sale of assets across the prolific Permian Basin in New Mexico and West Texas through an auction.

The auction comprises five properties with interest in  more than 155 wells located throughout Eddy County, N.M., and multiple counties across West Texas including Cottle, Crane, Dawson, Glasscock, Haskell, Hockley, King, Mitchell, Pecos, Sterling, Stonewall, Ward and Yoakum counties.

Property 53407

EnergyNet has been retained by Relentless Permian Resources for the sale of a 20-well package (nonoperated and operated working interest) located in Eddy County, N.M., and multiple counties in Texas.

Highlights:

  • Operations with various working interests in three wells located in Jackson County, Texas
  • Various nonoperated working interests in 17 wells located in Eddy County, N.M., and Hidalgo, Kent, Live Oak and Montague counties, Texas
  • Average of about 51 barrels per day (bbl/d) of oil and 667,000 cubic feet per day of gas over the past six-month reported period

Property 53408

EnergyNet has been retained by Relentless Permian Resources for the sale fo a 21-well package (operations) located in Crane, Pecos and Ward counties, Texas.

Highlights:

  • 100.00% to 50.00% Working Interest / 77.65283% to 36.00% Net Revenue Interest in 21 Wells:
    • 15 Producing Wells | Three Non-Producing Wells | Two Shut-In Wells | One Saltwater Disposal
  • Six-Month Average 8/8ths Production: 40 bbl/d of oil and 234,000 cubic feet per day of gas
  • Seven-Month Average Net Income: $10,029 per Month

Property 53409

EnergyNet has been retained by Relentless Permian Resources for the sale of a 40-well package plus three saltwater disposal wells (operations) located in Mitchell and Sterling counties, Texas.

Highlights:

  • 100.00% to 58.167% Working Interest / 79.914286% to 42.826057% Net Revenue Interest in 43 Wells:
    • 36 Producing Wells | Four Non-Producing Wells | Three Saltwater Disposal Wells
  • Six-Month Average 8/8ths Production: 184 bbl/d of oil and 514,000 cubic feet per day of gas
  • Eight-Month Average Net Income: $82,964 per Month

Property 53410

EnergyNet has been retained by Relentless Permian Resources for the sale of a multiple well northwest package (operated) located in Hockley, Yoakum and Dawson counties, Texas.

Highlights:

  • 65.324854% Working Interest / 55.156379% Net Revenue Interest in the Gin Unit:
    • 12 Producing Wells | Five Active Injection Wells | 47 Non-Producing Wells | 10 Temporarily Abandoned Wells
  • 100.00% to 52.00% Working Interest / 87.50% to 41.60% Net Revenue Interest in five wells:
    • Four Producing Wells | One Non-Producing Well
  • Six-Month Average 8/8ths Production: 46 bbl/d of oil and 19,000 cubic feet per day of gas
  • Eight-Month Average Net Income: $18,384 per Month

Property 53411

EnergyNet has been retained by Relentless Permian Resources for the sale of a 26 property package plus five saltwater disposal wells (operations) located in Cottle, Glasscock, Haskell, King and Stonewall counties, Texas.

Highlights:

  • Operations with various gross working interests in 26 properties and five saltwater disposal wells.
  • Combined, these properties have produced an average of about 24 bbl/d of oil and 131,000 cubic feet per day of gas over the past six-month reported period.

Bids are due 1:30 p.m. CST April 3. For complete due diligence information energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore