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.
Black Falcon Energy LLC, as managing company for Jamestown Resources LLC, Larchmont Resources LLC and Pelican Energy LLC, retained EnergyNet for the sale of a Midcontinent opportunity through a sealed-bid offering closing June 3.
The offering includes nonoperated working interest and overriding royalty interest (ORRI) in 2,176 wells plus over 1,100 undeveloped locations in various counties in Arkansas, Kansas, Oklahoma and Texas.
- Nonoperated Interest in 1,965 Wells:
- Average 2.41% Working Interest / Average 1.89% Net Revenue Interest
- 1,451 PDP Wells | 17 SWD Wells | 182 PDNP Wells | 277 PDSI Wells | 38 P&A'd
- ORRI in 32 Wells:
- Average 0.08% ORRI
- 18 PDP Wells | Five PDNP Wells | 9 PDSI Wells
- 179 Non-Consent Wells:
- 102 New Drills | 77 Workovers
- 1,143 Undeveloped Locations:
- 1,018 PUDs | 125 Probable
- Three-Month Average Net Income: $216,918/Month
- Six-Month Average 8/8ths Production: 205,177 Mcf/d of Gas and 12,226 bbl/d of Oil
- Select Operators: BCE-Mach LLC, Presidio Petroleum LLC and Unbridled Resources LLC
- Further Subject to Oklahoma State Sales Tax
Bids are due by 4 p.m. CST June 3. 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.
EnergyNet is also handling a Barnett Shale nonop working interest package for Black Falcon Energy. Click here for further information.
ConocoPhillips’ Stratagem: Permian, Bakken, Eagle Ford Dominance
2023-05-23 - ConocoPhillips is not just the largest unconventional producer, but its Midland, Delaware, Eagle Ford and Bakken positions average $32 WTI breakevens, the company’s Lower 48 chief said at Hart Energy’s SUPER DUG conference.
Public, Private E&Ps Split on Permian Basin Drilling Strategies
2023-03-29 - The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.
COO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]
2023-03-21 - Pioneer Natural Resources President and COO Richard Dealy discusses what's on tap for its Permian Basin, including electrification of fields, production growth, "decades of inventory" and wind turbines.
The Jacked Up Drilling Market
2023-03-14 - After a nearly five year downturn, the subsea drilling market is on the upswing, with jackup rigs making up the majority of the global fleet.
Rig Providers Focus on Advancements to Keep Up with E&P’s Needs
2023-03-27 - With the offshore drilling market on a positive upswing, rig companies are trying to meet demand while adding the latest bells and whistles to their fleets.