The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
XTO Energy Inc. retained Oil & Gas Asset Clearinghouse LLC for the sale of Delaware Basin HPB acreage with current production in Ward County, Texas, in an offering closing Sept. 19.
Highlights:
- Delaware Basin HBP acreage
- 5,219 total gross (about 4,099 net) acres HBP with attractive lease net revenue interest (83.3%-87.5%)
- Significant Wolfcamp and Bone Spring drilling inventory
- Two nonoperated proved developed producing wells
- Current net cash flow of $125,000 per month (last three months average)
The data room is open. The transaction will have an Oct. 1 effective date.
For information visit ogclearinghouse.com or contact Thomas Edwards, business development executive with Clearinghouse, at tedwards@ogclearinghouse.com or 626-437-2869.
Recommended Reading
No Good Vibrations: Neo Oiltools’ Solution to Vibrational Drilling Problems
2024-09-10 - Vibrations cause plenty of costly issues when drilling downhole, but Neo Oiltool’s NeoTork combats these issues, enhancing efficiency and reducing costs.
Adionics Unveils Lithium Extraction Technology For Recycled Batteries
2024-09-09 - The Paris-based company said its liquid-liquid process achieved lithium recoveries of up to 98% across a range of brine concentrations.
SLB Launches New GenAI Platform Lumi
2024-09-17 - Lumi’s machine learning capabilities will be used to enhance SLB’s Delfi digital platform offering for better automation and operational efficiencies.
Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power
2024-10-24 - Deals will take a while, however, as these multi-gigawatt agreements are also multi-decade investments, said Range Resources CFO Mark Scucci.
New Texas 30-MW Data Center Begins Construction
2024-11-11 - Dataprana’s 30-megawatt data center in La Marque, Texas will help satiate the growing demand for cloud services, Web3 applications and digital asset mining.