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.
An undisclosed seller retained EnergyNet for the sale of a 31-property package through an auction closing Oct. 25. The package, Lot# 97378, includes overriding royalty interest (ORRI), royalty interest and net profit interest in various counties and parishes in Arizona, California, Louisiana and Texas.
Highlights:
- Various Royalty Interests in 18 Properties
- Select Operators include Aera Energy LLC, American Natural Energy Corp. and Texas Petroleum Investment Co.
- Various Overriding Royalty Interests in 12 Properties
- Operators include Embassy Well Service LLC, Fasken Oil and Ranch Ltd. and Red Rock Energy Group Inc.
- 62.50% Net Profits Interest in the Cogdell Canyon Reef Unit (Tracts 5 and 10)
- Operator: Occidental Permian Ltd.
- Six-Month Average Net Cash Flow: $90,201/Month
- Six-Month Average 8/8ths Production: 5,117 BOPD and 9,398 MCFPD (Includes unit production)
- Further Subject to Documentary Stamp Fees
The auction closes at 2:45 p.m. CDT on Oct. 25. For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Denna Arias, executive director of acquisitions and divestments, at Denna.Arias@energynet.com.
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