Citation Oil & Gas Corp.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description

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.

Citation Oil & Gas Corp. retained EnergyNet to sell a 153 well package in Montana, North Dakota and South Dakota through a sealed bid offering. The sale includes operated and nonop working interest.

Property Highlights:

  • Operated Working Interest in 98 Properties (11 Wellbore Only):
    • 100.00% to 18.24395% WI / 86.50% to 15.57015% NRI
    • 62 Producing Properties | 12 Active Water Injection Wells
    • One Non-Producing Well | 18 Shut-In Properties | Five Properties Temporarily Abandoned
  • Nonoperated Working Interest in 55 Properties (17 Wellbore Only):
    • 51.826% to 0.00352% Working Interest / 42.321259% to 0.00277% Net Revenue Interest
    • 48 Producing Properties | One Active Injector
    • Three Non-Producing Properties | One Shut-In Well | Two Abandoned Wells
  • Six-Month Average 8/8ths Production: 2,126 bbl/d Of Oil and 2.713 Million Cubic Feet Per Day Of Gas
  • Seven-Month Average Net Income: $396,127/Month

Bids are due Oct. 31. For information on this listing visit energynet.com or contact Cody Felton, vice president of business development for EnergyNet, at Cody.Felton@energynet.com or 281-221-3042. For additional information contact Denna K. Arias, director of transactions and business development for EnergyNet, at Denna.Arias@energynet.com or 832-403-3125.