Here is a roundup of listings marketed by select E&Ps during the week of Jan. 6, compiled by Hart Energy staff.

The following information is provided by EnergyNet, Detring Energy Advisors and PetroDivest Advisors. All inquiries on the following listings should be directed to them. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Berlin Resources 2-Well Package in Mississippian Play

Berlin Resources has retained EnergyNet for the sale of a WI participation in two wells located in Canadian County, Oklahoma. Lot# 125171

BERLIN IMAGE: (Source: EnergyNet)
(Source: EnergyNet)

Opportunity Highlights:

  • WI participation option in 2 Hz wells:
    • 0.70313% WI / 0.52734% NRI
    • Projected formation: Mississippian
    • Total participation cost: $139,348.01
  • Election to participate is due Jan. 19
  • Operator: Validus Energy II Midcon, LLC
  • Offset activity:
    • 4 DUCs
  • Select offset operators:
    • Camino Natural Resources
    • ConocoPhillips Company
    • Coterra Energy
    • Devon Energy
    • Mach Natural Resources LP

Bids are due Jan. 14 at 4 p.m. CST. For complete due diligence, please visit energynet.com or email

Emily McGinley, director of business development, at Emily.McGinley@energynet.com, or Jessica Scott, buyer relations manager, at Jessica.Scott@energynet.com.

Incline Bakken Minerals 5-Well Package in North Dakota

Incline Bakken Minerals has retained EnergyNet for the sale of a working interest (WI) participation in five wells located in Williams County, North Dakota. Lot#125197

INCLINE IMAGE: (Source: EnergyNet)
(Source: EnergyNet)

Opportunity highlights:

  • WI participation option in 5 Hz wells:
    • 97.16738 net mineral acres (Open for lease);
    • ~3.79% WI;
    • Projected Formation: Middle Bakken; and
    • Participation Cost: $1,877,269.35
  • Election is due Jan. 22
  • Operator: Phoenix Operating LLC
  • Offset activity:
    • 5 DUCs
    • 1 Permit
  • Select offset operators:
    • Hunt Oil Co.
    • Kraken Operating
    • Neptune Operating
    • Petro-Hunt

Bids are due Jan. 15 at 4 p.m. CST. For complete due diligence, please visit energynet.com or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.

Overton Park Kelsey Bass Conventional Field Opportunity

Overton Park Oil & Gas has retained PetroDivest Advisors for the sale of its oil and gas leasehold and related interests located in Brooks, Jim Hogg and Starr counties in South Texas.

OVERTON IMAGE: (Source: PetrDivest Advisors)
(Source: PetroDivest Advisors)

Opportunity highlights:

  • Liquids-Rich Production Base | 630 boe/d | ~50% Liquids
    • 630 boe/d net production (~50% liquids) from 70 active vertical wells
      • PDP PV10: $18.1 million
      • PDP Net Reserves: 1.3 MMBoe
    • $5.1 million NTM net operating cash flow fully funds ongoing operations and future production enhancements; and
    • Successful recompletion, workover, and optimization projects have grown production >3x and shifted commodity composition to ~40% oil
  • Consolidated operated position | 64,000+ Net acres | Operated average 100% WI
    • Contiguous, operated 64,000+ net acre position allows for optionality in field management and development strategy;
      • Operated field generates ~70% of net production; and
      • Operated assets are 100% HBP
    • Attractive operated royalty burden at 87% NRI on an 8/8ths basis (100% WI)
    • Additional interest in 78 non-op wells with an average 43% WI and 37% NRI, primarily operated by Merit Energy.

Bids are due Feb. 19. For complete due diligence, please visit detring.com/petrodivest, or email Jerry Edrington, managing director, at jerry@petrodivest.com.

Forge Energy Mineral, Royalty Interests in Southern Delaware Basin

Forge Energy II Interests LLC has retained Detring Energy Advisors for the sale of its mineral & royalty interests in Reeves, Ward and Pecos Counties, Texas in the Southern Delaware Basin.

FORGE IMAGE: (Source: Detring Energy Advisors)
(Source: Detring Energy Advisors)
  • $11 million of NTM cash flow from PDP & line-of-sight activity
    • ~100 producing horizontal wells offer a stable base of existing cash flow
      • High-interest PDP properties drive near-term cash flow (avg. 2.1% RI)
        • Net Prod: ~800 Boed (83% liquids)
        • PDP PV10: $29MM ($60 million PV0)
    • Near-term locations accelerate cash flow growth into 2026, averaging 2 wells put on production per month.
      • Near-term development plans reflect Vital’s rig schedule with line-of-sight on development through 2025.
  • ~4,300 Net Royalty Acres, 90% operated by Vital
    • Concentrated under Vital’s recent acquisition of Forge’s operating platform, further highlighted by Vital’s significant ongoing expansion in the Southern Delaware Basin; and
      • Vital has shifted focus to the Southern Delaware due to depletion of higher quality inventory across its legacy assets located in the Midland Basin.
  • ~230 PUD locations in core development fairways
    • Assets are centrally located to ongoing development by Vital and other regionally focused operators; and
      • 3P PV10: $111MM ($266MM PV0)
    • Forge’s concentrated position under Vital allows for robust free cash flow from an operator committed to maximizing reserves potential; and
      • Vital is perfecting well density and multi-target development efficiencies.

 Bids are due Feb. 19. For complete due diligence, please visit detring.com, or email Melinda Frost, managing director, at mel@detring.com, or Derek Detring, president, at derek@detring.com.

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