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 two nonop packages of Permian Basin properties in New Mexico’s Eddy County through auctions closing April 14.
The first package comprises nonoperated working interest in 160 wells and the other consists of nonop interest in 205 properties. Both packages include leasehold acreage and are operated by Apache Corp.
EnergyNet is also handling a sealed-bid package for EOG that includes operations, nonoperated working interest and overriding royalty interest in over 100 Permian wells plus roughly 23,000 net leasehold acres in New Mexico’s Chaves, Lea and Roosevelt counties.
For complete due diligence information on any of the packages 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.
Lot 73481 - 160 Well Package Highlights:
- Nonoperated Working Interest in the Empire Abo Unit:
- 4.135155% to 0.035651% Working Interest / 2.941241% to 0.035157% Net Revenue Interest
- 118 Producing Wells | Five Active Injection Wells | One Non-Producing Well | 36 Temporarily Abandoned Wells
- Operator: Apache Corporation
- Three-Month Average Net Income: $3,042/Month
- Six-Month Average 8/8ths Production: 492 bbl/d of Oil and 1,263 Mcf/d of Gas
- 557.047 Net Leasehold Acres
Bids are due by 1:30 p.m. CST April 14.
Lot 73482 - 205 Property Package Highlights:
- Nonoperated Working Interest in 205 Properties (197 Wells):
- 18.0556% Working Interest / 13.5417% Net Revenue Interest
- 200 Producing Properties | One Non-Producing Property | Four Temporarily Abandoned Properties
- Eight Wells Completed in Multiple Formations
- Operator: Apache Corp.
- Four-Month Average Net Income: $42,944/Month
- Six-Month Average 8/8ths Production: 4,806 Mcf/d of Gas and 552 bbl/d of Oil
- 411.67 Net Leasehold Acres
Bids are due by 1:45 p.m. CST April 14.
It’s too soon to gauge the price impact on fuel or the data impact to Colonial Pipeline after a cyberattack forced its systems offline, experts say.
Oil prices are expected this week to drift sideways with an upward bias, while product prices in the Atlantic Basin will move upward until the Colonial Pipeline is back in service, says Stratas Advisors in its latest forecast.
Nearly half of the fuel consumed in the eastern U.S. passes through the Colonial network.