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.
YTEF Non-Op Capital LLC, an affiliate of Millennial Energy Partners, retained EnergyNet for the sale of a six-well package in Webb County, Texas, through an auction closing Dec. 7. The package, Lot# 90764, includes nonoperated working interest in the wellbores of six producing wells operated by SM Energy Co.
Highlights:
- Nonoperated Working Interest in the Wellbores of Six Producing Wells:
- 2.50% Working Interest / 1.875% Net Revenue Interest
- 10-Month Average Net Income: $62,559/Month
- Six-Month Average 8/8ths Production: 289 bbl/d of Oil and 10,770 Mcf/d of Gas
- Six-Month Average Net Production: 5 bbl/d of Oil and 202 Mcf/d of Gas
- Operator: SM Energy Co.
Bids are due at 2:55 p.m. CDT on Dec. 7. For complete due diligence information visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Jewell Arias, buyer relations / transactions manager, at Jewell.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.
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.
Exclusive: Renewables Won't Promise Affordable Security without NatGas
2024-03-25 - Greg Ebel, president and CEO of midstream company Enbridge, says renewables needs backing from natural gas to create a "nice foundation" for affordable and sustainable industrial growth, in this Hart Energy Exclusive interview.