On the Market This Week (June 9, 2025)

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

Permian Basin Opportunities in New Mexico

A private seller has retained EnergyNet for the sale of two Permian Basin opportunities in Eddy County, New Mexico.

Opportunity highlights Lot #128880:

• WI participation in the Fortyniner Ridge unit 35H wellbore:
  • ~18.13% WI / ~14.05% NRI
  • Projected formation: Brushy Canon
  • Total participation cost: $1,818,937.95
• Seller has elected to participate
• Operator: Strata Production Co.
• Offset activity:
  • 17 Rigs
  • 110 Completed
  • 393 DUCS
  • 782 permits
• Select Offset Operators:
  • Chevron Corp.
  • ConocoPhillips Co.
  • EOG Resources
  • Occidental Petroleum

Opportunity Highlights Lot #128881:

• WI Participation in 2 Hz Wellbores:
  • 10.00% WI / 8.75% NRI
  • Projected Formation: Brushy Canyon
  • Total Participation Cost: $2,137,371.10
• Seller elected to participate
• Operator: Strata Production Co.
• Offset Activity:
  • 18 Rigs
  • 110 completed
  • 393 DUCs
  • 782 permits
• select offset operators:
  • Chevron Corp.
  • ConocoPhillips Co.
  • EOG Resources
  • Occidental Petroleum

These are AFE sealed bid properties on EnergyNet.com. Bids are due June 20 at 4 p.m. CDT. For complete due diligence information on these properties, please visit http://www.energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.

Casillas 7-Well Package in Oklahoma

Casillas Petroleum Resource Partners LLC has retained EnergyNet for the sale of  a seven-well package in Grady County, Oklahoma. Lot #127422.

Opportunity highlights:

• Overriding royalty interest in seven wells:
  • Avg ORRI ~0.42%
  • wellbore only
  • Operator: Camino Natural Resources LLC
• Six-month average net income: $35,736/month
• Six-month average production:
  • 8/8ths production: 2,408 bbl/d and 8.845 MMcf/d
  • Net production: 11 bbl/d and 42,000 cf/d

This is a sealed bid property on EnergyNet.com. Bids are due June 26 at 4 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Ethan House, managing director, at Ethan.House@energynet.com or Jessica Scott, buyer relations manager, Jessica.Scott@energynet.com.

State Line Leasehold Opportunity in Mississippi

State Line Exploration LLC has retained EnergyNet for the sale of leasehold acres in Wilkinson County, Mississippi. Lot #126379.

Opportunity highlights:

• Operations in the producing Reese 11 1H well:
  • 100.00% WI / ~79.24% NRI
• Seven-month average net income: $94,599/Month
• Six-month average production:
  • 8/8ths Production: 58 bbl/d and 18,000 cf/d
  • Net Production: 46 bbl/d and 15,000 cf/d
• 15,628.46 Net Leasehold Acres:
  • 12,106.35 acres term acres expiring 2026
  • 3,522.10 Acres HBP/HBU acres

Operator bond required.

This is a sealed bid property on EnergyNet.com. Bids are due June 26 at 4 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com or William Tucker, business development manager, William.Tucker@energynet.com. 

BSR Minerals 87-Well Package in Anadarko Basin

BSR Minerals I LLC has retained Indigo Energy Advisors and EnergyNet for the sale of an 87-well package in Dewey, Ellis, Major and Woodward counties, Oklahoma. Lot #126192.

Opportunity highlights:

• Strategic mineral footprint
  • Unique opportunity to acquire a curated portfolio of minerals located in the prolific Mid-Con;
  • 6,352 net mineral acres concentrated in Dewey, Ellis and Woodward Counties, Oklahoma;
  • Positioned at the convergence of well-established STACK Mississippian development and the emerging Pennsylvanian Cherokee play targeting Red Fork, Skinner and Oswego formations; and
  • VEX Energy’s recent acquisition of Diversified Energy’s unit rights across portions of BSR Mineral’s footprint highlights the imminence of future horizontal development.
• Multi-zone development potential
  • Access to multiple pay zones including:
    • Cherokee, Marmaton, Springer, Meramec, Osage, Chester and Woodford
  • Proven vertical and horizontal potential across both Desmoinesian and Mississippian intervals;
  • Stacked pay intervals allow for phased, capital-efficient development, and long-term inventory depth; and
  • Mature proven basin with established production history and existing gathering and takeaway infrastructure.
• Increasing operator activity & permitting momentum
  • Strong recent well results in the middle of BSR’s Footprint (e.g., Mewbourne Drake IP > 1,200 BOE/D) catalyzing area-wide interest;
  • Opportunity to acquire minerals offsetting these premium results;
  • Material unleased portion of minerals enables future buyer to receive lease income and chart their own path for pooling orders and participation in future development; and
  • Active leasing, permitting and development by leading operators including:
    • Mewbourne, Validus, Comanche, Sandridge, ValPoint and Reign
    • ~2000 leases have been filed since 2022 within BSR’s Dewey and Ellis footprint
  • Cherokee permits are actively moving Eastward across BSR’s position and Mississippian and Woodford permits are actively moving Westward
• Robust 2024 financial performance
  • $131.4M in total income with $92.8M in net income
    • Revenues for 2024 primarily driven by conventional operated Diversified Energy wells; and
    • December 2024 JIB was received leading to a large increase in expenses for that month due to BSR’s participation of Mewbourne’s Drake well.

This is an Indigo Energy Advisors sealed bid property. Bids are due July 9 at 4 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Ethan House, managing director, at Ethan.House@energynet.com or Jessica Scott, buyer relations manager, Jessica.Scott@energynet.com.