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.

Foundation Energy Fund V-A has retained EnergyNet for the sale of a 162 Permian Basin opportunity well package in Eddy and Lea counties, New Mexico and Howard County, Texas. The lot# 115859 package includes a 12-month average net income of $59,034/ month.

EnergyNet
(Source: EnergyNet)
  • Opportunity highlights:
    Operated Working Interest in 97 Wells:
    • Avg WI ~90.86% / Avg NRI ~69.86%
  • Non-Operated Working Interest in 59 Wells:
    • Avg WI ~51.18% / Avg NRI ~42.65% (BPO)
    • An Additional RI/ORRI in 50 Wells
    • 3 Wells APO Only
    • Select Operators:
      • BXP Operating, LLC
      • Devon Energy Production Company, LP
      • Occidental USA Inc.
      • Ovintiv USA Inc.
  • Royalty and Overriding Royalty Interest in 6 Wells:
    • Avg RI/ORRI 0.60% (BPO)
    • 1 Well APO Only
    • Operators:
      • Ovintiv USA Inc
      • Occidental USA Inc.
      • Manhattan Petroleum, Inc.
  • 12-Month Average Net Income: $59,034/Month
  • 3-Years Average Net Income: $148,787/Month
  • 6-Month Average 8/8ths Production: 577 bbl/d and 1,835 MMcf/d
  • 6-Month Average Net Production: 115 bbl/d and 253 MMcf/d
  • Operator Bond Required

Bids are due April 18 at 4 p.m. CDT. For complete due diligence, please visit energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.

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