The following information is provided by LandGate Corp. All inquiries on the following listings should be directed to LandGate. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
LandGate is marketing for sale an overriding royalty interest (ORRI) in New Mexico’s Eddy County for an undisclosed seller.
The property is producing 1,680 bbl/d and 4.6 MMcf/d (gross) from two horizontal Wolfcamp, one horizontal Bone Springs and 20 vertical wells. The interest will participate in active development under 19 permitted locations. Well results in the area exceed 1,000 bbl/d IP30.
Presidential orders are advancing the administration’s goals on climate, clean energy and environmental justice, says Baker Botts team.
The companies experimenting with hydrogen, including Dominion Energy and Sempra Energy, are in the early stages.
The company will build renewable fuel production facilities at landfills and will produce fuel for Northern California hydrogen fuel stations.