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.
Stone Hill Exploration and Production has retained EnergyNet for the sale of a Midland Basin 41 well package (11 PDP wells, 5 WIPs and 25 PUD locations) in Howard County, Texas. The lot# 114901 package includes a six-month average free cash flow of $38,688/ month.
Opportunity highlights:
- Non-Operated WI in 11 PDP Wells:
- 10 Wolfcamp A
- 1 Lower Spraberry
- 5 WIPs scheduled to TIL May 2024:
- 2 Dean
- 1 Wolfcamp A / 2 Wolfcamp D
- 25 Addtional PUD Locations:
- 4 Dean
- 5 Lower Spraberry / 6 Middle Spraberry
- 6 Wolfcamp B / 4 Wolfcamp D
- Additional PUD upside in Leonard, Wolfcamp C, and Barnett
- 6-Month Average Free Cash Flow: $38,688/Month
- 6-Month Average 8/8ths Production: 530 BOPD and 1,731 MCFPD
- 6-Month Average Net Production: 22 BOPD and 72 MCFPD
- Operators: Callon Petroleum Operating Company (1) and OXY USA Inc.
- 108.34 Net HBP Leasehold Acres
Bids are due Feb. 22 at 4 p.m. CST. For complete due diligence, please visit energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
Recommended Reading
Majority of Recent CO2 Emissions Linked to 57 Producers - Report
2024-04-03 - The world's top three CO2-emitting companies in the period were state-owned oil firm Saudi Aramco, Russia's state-owned energy giant Gazprom and state-owned producer Coal India, the report said.
Qnergy Tackles Methane Venting Emissions
2024-03-13 - Pneumatic controllers, powered by natural gas, account for a large part of the oil and gas industry’s methane emissions. Compressed air can change that, experts say.
MethaneSAT: EDF’s Eye in the Sky Targets E&P Emissions
2024-03-07 - The Environmental Defense Fund and Harvard University recently launched MethaneSAT, a satellite tracking methane emissions. The project’s primary target: oil and gas operators.
Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions
2024-04-24 - Diversified Energy wants to educate on emission reduction successes while debunking junk science.
SEC Adopts Climate Disclosure Rules in 3-2 Vote
2024-03-06 - The regulation requires companies to disclose Scope 1 and 2 emissions, weather-related risks and other climate-related data that could have a material business impact.