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.
Grenadier Energy Partners II LLC retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Permian Basin through a sealed-bid offering closing June 30.
The offering is comprised of a 52 property package with producing and non-producing mineral, royalty and overriding royalty interests (ORRI) in Borden and Howard counties, Texas.
- 129.10 Net Acres
- 103.03 Net Mineral Acres
- 1.38 Net Non-Executive Mineral Acres
- 16.69 Net Non-Participating Mineral Acres
- 8.00 Net ORRI Acres
- Royalty Interest in 43 Properties:
- 4.394531% to 0.001724% Royalty Interest
- An Additional Non-Participating Royalty Interest in Four Properties
- 37 Producing Properties | 6 Non-Producing Properties
- Non-Participating Royalty Interest in Four Producing Properties:
- 0.07067% Non-Participating Royalty Interest
- Overriding Royalty Interest in 4 Producing Properties:
- 0.055174% to 0.016095% ORRI
- Six-Month Average 8/8ths Production: 5,928 bbl/d of Oil and 11,004 Mcf/d of Gas
- Current Net Production of ~16 boe/d
- Next 12-Month Cash Flow PDP+DUCs: ~$200,000
- Estimated June 2021 Cash Flow of ~$20,000/month
- Significant Development Potential on this Acreage
- More Than 180 Locations Targeting the Proven Wolfcamp A, Wolfcamp B and Lower Spraberry
- Additional Upside in the Emerging Middle Spraberry and Jo Mill Plays
- Select Operators include Sabalo Operating LLC (now Laredo), SM Energy Co. and Surge Operating LLC
Bids are due by 4 p.m. CST on June 30. For complete due diligence information on any of the packages visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
How producers may be organizing around some common themes in 2019, plus a look ahead to Hart Energy’s new video program launch.
A group of high school students look into the natural gas pipeline boom while wondering if the jobs will last.
Leslie Beyer, president, PESA, looks at concerns for the oilfield services sector as the U.S. heads into an election cycle.