MCM Energy Partners LLC
Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description
MCM Energy Partners LLC has retained EnergyNet.com Inc. to divest its Permian Basin leasehold acreage in Stonewall County, Texas through a sealed bid offering.
MCM Energy is selling 3,473.72 gross/net Permian leasehold acres whose lease has a primary term of three years expiring Jan. 4, 2015. The lease has a two-year extension option and requires 23% royalties. MCM has 100% working interest and a 77% net revenue interest in the acreage.
Bids are due by March 7 at 4:30 p.m. CST. Due diligence information is available at www.energynet.com. For additional information, contact Cody Felton, manager of business development at EnergyNet.com Inc., 713-861-1866 or email: Cody.Felton@energynet.com.