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.
EOG Resources Inc. retained EnergyNet for the sale of a Permian Basin opportunity in New Mexico through a sealed-bid offering closing April 14.
The offering comprises a 103-well package including operations, nonoperated working interest and overriding royalty interest (ORRI) plus over 23,000 net leasehold acres in New Mexico’s Chaves, Lea and Roosevelt counties.
- View the Executive Summary at EnergyNet.com
- Operations in 71 Wells:
- 100.00% to 15.7556% Working Interest / 82.333333% to 13.78615% Net Revenue Interest
- An Additional ORRI in 51 Wells
- 34 Producing Wells | 37 Non-Producing Wells
- Nonoperated Working Interest in 24 Wells:
- 40.00% to 5.20% Working Interest / 35.00% to 4.55% Net Revenue Interest
- An Additional ORRI in Nine Wells
- 18 Producing Wells | Five Non-Producing Wells | One Saltwater Disposal Well
- Select Operators include Cross Border Resources Inc. and Read & Stevens Inc.
- ORRI in Eight Wells:
- 6.00% to 0.01879% ORRI
- Five Producing Wells | Three Non-Producing Wells
- Select Operators include BXP Operating LLC and Foundation Energy Mgt LLC
- Six-Month Average 8/8ths Production: 2.272 MMcf/d of Gas and 158 bbl/d of oil
- Six-Month Average Net Income: $86,108/Month
- Next 12-month ~$1.8 million with additional $550,000 Restoration
- Based on January Nymex Strip
- 23,682.181 Net Leasehold Acres
- Operator Bond Required
Bids are due by 4 p.m. CST April 14. For complete due diligence information on either package visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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