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.
Tower Rock Oil & Gas LLC retained EnergyNet as the exclusive adviser to assist with the sale of a Texas producing mineral and royalty package. The sealed-bid offering includes nearly 1,000 net royalty acres across 450,000 gross acres plus royalty interest and overriding royalty interest (ORRI).
Highlights:
- Nearly 1,000 NRA Across 450,000 Gross Acres
- Royalty and Overriding Royalty Interests in 84 Properties:
- 5.229492% to 0.000157%
- 6-Month Average 8/8ths Production: 109,749 BOPD and
- 194,234 MCFPD (Includes Unit Production)
- 3-Month Average Net Income: $51,437/Month
- Select Operators include Apache Corp., Denbury Onshore LLC, Kinder Morgan Production Co. LP and Occidental Permian Ltd.
Bid sale due at 4 p.m. on March 30. The transaction will have effective dates of March 1.
A virtual data room is available. For complete due diligence information 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.
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