Marketed: Cabot Oil & Gas West Texas Properties, Nearly 90,000 Net Acres

Transaction Type
Marketers
Basin
Permian Basin
Announce Date
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.

Cabot Oil & Gas Corp. retained EnergyNet for the sale of West Texas properties including assets in the Permian Basin through a sealed-bid offering closing June 19.

The offer comprises nearly 90,000 net leasehold acres including state leasehold across Brewster, Jeff Davis and Pecos counties, Texas, plus a minerals position in Jeff Davis.

Highlights:

  • 89,676.866 Net Non-Producing Leasehold Acres
    • 100% Operated (Delivering 80% to 75% Net Revenue Interests)
    • 28,350.45 Net State Leasehold Acres
    • All Leases feature Two-Year Options to Extend
    • 45,746.231 Net Acres Subject to Consent to Assign
  • 2,832.95 Gross / 118.039 Net Non-Producing Mineral Acres in Jeff Davis County
  • One Offset Rig
  • 12 Offset Permits
  • 163 Offset Producers
    • Three Bone Spring | 63 Devonian | Six Wolfcamp | Four Yates
  • Select Area Operators include Apache Corp., Chevron U.S.A. Inc., Devon Energy Production Co. LP, Exxon Corp. and XTO Energy Inc.
  • Operations in Six Wells
    • Four Wells Drilled/Cased/Tested | Evaluating
    • One Well Drilled/Cased
    • One Inactive Well

Bids are due by 4 p.m. CDT June 19. For complete due diligence information 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.