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Carrollton Energy Partners I LLC retained EnergyNet for the sale of a 7-well package (non-operated working interest) in Eddy County, New Mexico. The Lot# 107514 package includes a six-month average net income of $82,568/month from the wells and is operated by Devon Energy Production Company LP.
- Non-Operated Working Interest in 7 Wells:
- 4.386305% to 3.47587% WI / 3.289729% to 2.606902% NRI
- 6-Month Average Net Income: $82,568/Month
- 6-Month Average 8/8ths Production: 1,025 BOPD and 7,051 MCFPD
- 6-Month Average Net Production: 32 BOPD and 225 MCFPD
- Operator: Devon Energy Production Company, LP
2023-09-25 - As public E&Ps hold fast with capital discipline, even exuberant prices might not be enough to substantially bump up production, although private operators remain a wild card, analysts said.
2023-11-06 - Amid an all-stock buying bonanza in recent weeks spurred on by Exxon Mobil and Chevron to snatch up shale and international assets, APA remains focused on creating value.
2023-11-21 - As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
2023-10-06 - Drillers have cut active rigs for three quarters in a row in a delayed response to the sharp drop in prices since the middle of 2022.
2023-10-13 - According to the Wells Insight Report 2023 report, more development drilling and interventions are needed to boost production.