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.
Sue-Ann Operating LC retained EnergyNet for the sale of a Mohat Field opportunity along the Texas Gulf Coast in Colorado County through a sealed-bid offering closing Aug. 5.
- Operations in the Sheridan Lease:
- 100.00% WI / 71.60% NRI
- Two Producing Wells | One Saltwater Disposal Well
- Six-month Average 8/8ths Production: 102 bbl/d of Oil
- Current Rate: 110 bbl/d of Oil
- Six-month Average Net Income: $86,332/Month
- June Cash Flow: ~$140,000
- 88.00 Gross/Net HBP Leasehold Acres
- Operator Bond Required
- Deed of Trust to be Released at Closing
Bids are due at 4 p.m. CST on Aug. 5. For complete due diligence information on any of the packages visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Grayson Mill Energy, a Houston-based E&P company backed by EnCap Investments, agreed in February to acquire Equinor’s Bakken interests, including associated midstream assets, in North Dakota and Montana for $900 million.
Equinor's third-quarter profit fell by more than expected on Oct. 24 after a significant decline in the volume and price of natural gas sold to Europe, although the Norwegian firm reiterated its forecast for flat 2019 production.
Equinor’s domestic and international oil and gas production units both beat forecasts, while its refining, marketing and renewable energy unit was largely in line with analysts’ expectations.