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.

Kaiser-Francis WI Opportunity in Texas

Kaiser-Francis Oil Co. has retained EnergyNet for the sale of working interest in six wellbores located in Reagan County, Texas. Lot #128510.

KAISER-FRANCIS IMAGE: (Source: EnergyNet)
(Source: EnergyNet)

Opportunity highlights: 

  • WI participation option in six Hz wellbores:
    • ~14.62% WI / ~10.97% NRI
    • projected formations:
      • Wolfcamp B3
      • Wolfcamp A2
    • Total Well Participation Costs: $9,281,733
  • Election to participate is due June 11.
    • It will be the buyer's responsibility to make a timely election.
  • Operator: Exxon Mobil
  • Offset activity:
    • 10 Rigs
    • 24 completed
    • 78 DUCS
    • 49 permits
  • Select offset operators:

Bids are due June 4 at 4:00 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 and transactions manager, Jessica.Scott@energynet.com.

Spartan Energy 7-Well Package in New Mexico

Spartan Energy Acquisition LLC has retained EnergyNet for the sale of a non-operated seven-well package in Eddy County, New Mexico. Lot# 125055.

SPARTAN IMAGE: (Source: EnergyNet)
(Source: EnergyNet)

Opportunity highlights:

  • Non-operated WI in seven wells:
  • Six-month average production:
    • 8/8ths production: 3,675 bbl/d and 4,848 MMcf/d
    • Net production: 12 bbl/d and 16 MMcf/d

Bids are due June 12 at 4:00 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Emily McGinley, business development director, at Emily.McGinley@energynet.com or Jessica Scott, buyer relations manager, Jessica.Scott@energynet.com. 

Chevron D-J Basin Gas Plants, Gathering System Sale

Chevron USA has retained EnergyNet and Indigo Energy Advisors for the sale of its Keota and Lilli gas plants and East Pony gas gathering system in the Denver-Julesburg (D-J) Basin in Weld County, Colorado. Lot #126556.

CHEVRON IMAGE: (Source: EnergyNet)
(Source: EnergyNet)

Opportunity highlights:

  • Strategically located midstream assets
    • Rare opportunity to acquire a portfolio of midstream infrastructure located in Colorado’s prolific D-J Basin within Weld County.
  • East Pony Gas Gathering System with ~130 miles of low-pressure gathering lines
    • Keota Gas Plant – 30 MMcf/d capacity with expansion capacity up to 45 MMcf/d
    • Lilli Gas Plant – 18 MMcf/d capacity
  • Infrastructure overview
    • Keota Gas Plant is maintained and ready to restart with minimal work, subject to area power constraints, for expanding D-J basin footprint and operations
      • Idled in 1Q 2021 but preserved and required permits kept active
      • Plant can expand to 45 MMcf/d with minimal capex and uses electric driven compression (owned) for low emissions profile
      • Existing interconnect to OPPL (NGLs) via Williams and Southern Star (Residue Gas) via ONEOK
    • Lilli Gas Plant was idled in 3Q 2022
    • Lilli Gas Plant is preserved but will require additional permitting and compression to restart
    • Turnkey gathering system supporting an active operating asset
  • Market outlook
    • Midstream capacity becoming more valuable with infill drilling and consolidation
      • Turnkey asset enabling low-emission infrastructure
    • Strategically positioned to service undeveloped and underutilized D-J Acreage
  • Robust future development
    • Long-term gathering and processing dedications from Chevron’s D-J Basin operations across ~six full townships (09N & 08N Ranges 58W – 60W) with expansion options into 61W
    • Development cadence for the Northeast D-J since 2021 is ~70 wells per year TIL
    • Excess capacity available to accept 3rd Party incremental volumes for gathering and processing

Bids are due June 18 at 4:00 p.m. CDT. For complete due diligence information on this property, please visit https://www.efficientmarkets.com/IndigoEnergy or email Cody Felton, managing director, at Cody.Felton@energynet.com. 

Stone Hill Minerals 85-Well Package in Marcellus, Utica

Stone Hill Minerals Holdings LLC has retained EnergyNet and Indigo Energy Advisors for the sale of an 85-well package, mineral/royalty interest in Wetzel County, West Virginia, and Greene County, Pennsylvania. Lot #126564.

STONE HILL IMAGE: (Source: EnergyNet)
(Source: EnergyNet)

Opportunity highlights:

  • 511 NMA / 551 net royalty (NRA)
  • 23 Undeveloped Marcellus NMA (27 NRA)
  • 56 Marcellus PDP wells / 1 Vertical PDP well
  • 6 Marcellus DUCs
  • 22 Utica/Point Pleasant PUDs
  • 3-month average free cash flow (11/24-1/25): $372,127/month
  • Current monthly 8/8ths Production: 587,372 MMcf/d and 7,925 bbl/d
  • Current monthly net production: 2,591 MMcf/d and 39 bbl/d

Bids are due June 25 at 4:00 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.

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