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.
Recommended Reading
Defeating the ‘Four Horsemen’ of Flow Assurance
2024-04-18 - Service companies combine processes and techniques to mitigate the impact of paraffin, asphaltenes, hydrates and scale on production—and keep the cash flowing.
Tech Trends: AI Increasing Data Center Demand for Energy
2024-04-16 - In this month’s Tech Trends, new technologies equipped with artificial intelligence take the forefront, as they assist with safety and seismic fault detection. Also, independent contractor Stena Drilling begins upgrades for their Evolution drillship.
AVEVA: Immersive Tech, Augmented Reality and What’s New in the Cloud
2024-04-15 - Rob McGreevy, AVEVA’s chief product officer, talks about technology advancements that give employees on the job training without any of the risks.
Lift-off: How AI is Boosting Field and Employee Productivity
2024-04-12 - From data extraction to well optimization, the oil and gas industry embraces AI.
AI Poised to Break Out of its Oilfield Niche
2024-04-11 - At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.