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.

SWEPI LP retained EnergyNet for the sale of non-producing New Mexico leasehold in an auction closing Dec. 4.

The offering by the Royal Dutch Shell Plc affiliate includes about 139,000 net acres of exploratory acreage for the Pennsylvanian tight gas sand formation in Quay and Curry counties, N.M.

Highlights:

  • 139,157.322 Net Non-Producing Leasehold Acres
    • 100% Gross Working Interest (Delivering 87.50% to 81.25% Net Revenue Interests)
    • 100% Undeveloped Acreage
    • All Depths
  • Acreage Exploratory for Pennsylvanian Tight Gas Sand
  • Expiration Schedule:
    • Fourth-quarter 2019: 57,722.67 Net Acres
    • 2020:
      • First quarter: 51,569.16 Net Acres
      • Second quarter: 10,356.32 Net Acres
      • Third quarter: 7,485.30 Net Acres
      • Fourth quarter: 5,246.25 Net Acres
    • 2021:
      • First quarter: 5,858.71 Net Acres
      • Second quarter: 918.92 Net Acres
SWEPI New Mexico Exploratory Acreage Auction Asset Map, Quay and Curry Counties (Source: EnergyNet)
SWEPI New Mexico Exploratory Acreage Auction Asset Map, Quay and Curry Counties (Source: EnergyNet)

Bids are due by 3:10 p.m. CST Dec. 4. For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore