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.
Overland Minerals & Royalties LLC et al retained EnergyNet for the sale of a Bakken Shale / Three Forks well package in North Dakota’s Dunn County. The auction property, Lot 96516, includes producing mineral and royalty interests in 15 wells plus one well currently being drilled operated by an affiliate of Marathon Oil Corp.
Highlights:
- Producing Mineral Interest / Royalty Interest in 15 Wells:
- Average 0.21% Royalty Interest
- Includes One Well Currently Being Drilled not yet in Pay Status
- Current Average 8/8ths Production: 6,531 bbl/d of Oil and 5,330 Mcf/d of Gas
- Current Average Net Production: 11 bbl/d of Oil and 9 Mcf/d of Gas
- Three-month Average Net Income: $30,613/Month
- Operator: Marathon Oil Co.
The auction closes at 1:55 p.m. CDT on July 16. For complete due diligence information visit energynet.com or email Emily McGinley, director, at Emily.McGinley@energynet.com, or Denna Arias, executive director of acquisitions and divestments, at Denna.Arias@energynet.com.
Recommended Reading
Shell to Combine Upstream and LNG Operations
2023-01-30 - Shell will combine its oil and gas production and LNG divisions as part of broader changes under new CEO Wael Sawan, which the company said could result in some job cuts.
Baker Hughes, SLB CEOs Talk ‘New Energy’
2023-01-26 - Energy technology companies, including Baker Hughes and SLB, are spreading technological know-how while forming or strengthening partnerships to reduce greenhouse gas emissions and improve energy efficiency.
Eni, Algeria’s Sonatrach Sign Sustainability, Energy Security Agreements
2023-01-23 - Eni and Sonatrach will explore the reduction of emissions, energy efficiency initiatives, renewable energy developments and other ways to create a sustainable energy transition.
How Chevron Plans to Juggle Oil and Gas Growth with New Energies
2022-11-23 - Chevron’s Colin Parfitt spoke to Hart Energy about the evolving role of midstream, emerging new energies, challenges ahead and recent changes at the U.S. oil major.
Energy Transition in Motion (Week of Dec. 2, 2022): Hydrogen-Powered Aircraft
2022-12-02 - Here’s a look at some of this week’s renewable energy news including development of a hydrogen-powered aircraft plus a world aviation first by Britain’s Rolls-Royce.