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.
Garnet Energy Capital LLC retained EnergyNet for the sale of a Utica Shale opportunity through a sealed-bid offering closing Jan. 20. The offering includes nonoperated working interest in four permitted wells plus leasehold acreage in Carroll County, Ohio. Encino Energy is the operator.
Highlights:
- Nonoperated Working Interest in Four Permitted Wells:
- 7.87% Working Interest / 5.90% Net Revenue Interest
- ~14,000-ft Wells drilled into the unit at 800-ft Spacing
- First Well to be Spud Jan. 29
- First Production Estimated in June 2022
- Estimated Gross Capital of $8.8M/Well
- Attractive Returns at ~60% IRR/2.9x ROI
- 88.666567 Net Leasehold Acres
- Operator: Encino Energy
Bids are due at 2 p.m. CST on Jan. 20. For complete due diligence information on any of the packages visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
Exclusive: Chevron Balancing Low Carbon Intensity, Global Oil, Gas Needs
2024-03-28 - Colin Parfitt, president of midstream at Chevron, discusses how the company continues to grow its traditional oil and gas business while focusing on growing its new energies production, in this Hart Energy Exclusive interview.
Trans Mountain Pipeline Announces Delay for Technical Issues
2024-01-29 - The Canadian company says it is still working for a last listed in-service date by the end of 2Q 2024.
Imperial Expects TMX to Tighten Differentials, Raise Heavy Crude Prices
2024-02-06 - Imperial Oil expects the completion of the Trans Mountain Pipeline expansion to tighten WCS and WTI light and heavy oil differentials and boost its access to more lucrative markets in 2024.
Carlson: $17B Chesapeake, Southwestern Merger Leaves Midstream Hanging
2024-02-09 - East Daley Analytics expects the $17 billion Chesapeake and Southwestern merger to shift the risk and reward outlook for several midstream services providers.
Midstream Builds in a Bearish Market
2024-03-11 - Midstream companies are sticking to long term plans for an expanded customer base, despite low gas prices, high storage levels and an uncertain political LNG future.