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.
Highlights:
- 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.
Recommended Reading
Tellurian, Institution Investor Agree to New Loan Repayment Terms
2024-02-22 - Tellurian reached an agreement with an unnamed institutional investor to pledge its interest in the Driftwood project as collateral.
Tellurian Executive Chairman ‘Encouraged’ by Progress
2024-03-18 - Tellurian announced new personnel assignments as the company continues to recover from a turbulent 2023.
Shell’s CEO Sawan Says Confidence in US LNG is Slipping
2024-02-05 - Issues related to Venture Global LNG’s contract commitments and U.S. President Joe Biden’s recent decision to pause approvals of new U.S. liquefaction plants have raised questions about the reliability of the American LNG sector, according to Shell CEO Wael Sawan.
Mitsubishi Makes Investment in MidOcean Energy LNG
2024-04-02 - MidOcean said Mitsubishi’s investment will help push a competitive long-term LNG growth platform for the company.
BP Pursues ‘25-by-‘25’ Target to Amp Up LNG Production
2024-02-15 - BP wants to boost its LNG portfolio to 25 mtpa by 2025 under a plan dubbed “25-by-25,” upping its portfolio by 9% compared to 2023, CEO Murray Auchincloss said during the company’s webcast with analysts.