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.
An undisclosed seller retained EnergyNet to sell a 266 well package of overriding royalty interest (ORRI) offshore Louisiana in the U.S. Gulf of Mexico.
Highlights:
- ORRI in 266 wells
- Sliding-scale ORRI between 2% - 10% based on LLS crude oil pricing
- Three-month average net cash flow: $539,681/month
- Net Proved Reserves(1): 896 Mboe (73% oil)
- 2022E Proved cash flow projection: $9.0 MM(1)
- Operators include Arena Offshore LP, Fieldwood Energy and Renaissance Offshore LLC
Sealed bids are due at 4 p.m. CST on May 27. For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Reilly Bliton, director of engineering, at Reilly.Bliton@energynet.com.
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