The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Crown Oil & Gas Inc. retained the Oil & Gas Asset Clearinghouse to market for sale its operating working interest in Wyoming’s Sweetwater County.
Highlights:
- Operated Working Interest in 32 wells in Sweetwater County, Wyoming
- 96% Working Interest / 81% Net Revenue Interest average ownership
- 17 bbl/d of Oil / 225 Mcf/d of Gas average daily gross production (January 2021 - June 2021)
- $36,077 per month average net cash flow (August 2021 - September 2021)
- $1.43 million PV15 (PDP)
- 22,282 gross acres
- Low Risk Behind Pipe Opportunities
- Eight wells needing low risk maintenance to be restored to production
- Restored production potentially totaling 8 bbl/d of Oil and 160 Mcf/d of Gas
- Recommended worker procedures posted in the data room
Bids are due on Nov. 11. The transaction is expected to have an effective date of Nov. 1.
A virtual data room is available. For information visit ogclearinghouse.com or contact Tyler Post at tpost@ogclearinghouse.com or 972-736-5814.
Recommended Reading
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-19 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
BP Restructures, Reduces Executive Team to 10
2024-04-18 - BP said the organizational changes will reduce duplication and reporting line complexity.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.