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.
TRP Minerals LLC retained EnergyNet for the sale of an 11-well package in Dunn County, N.D., through an auction closing Dec. 8. The Lot# 102523 package includes mineral assets and three offset rigs.
Highlights:
- 24.75 Net Mineral Acres:
- 11 Producing Wells
- Avg. ~0.21% RI
- Five-Month Average Net Income: $29,035/Month
- Six-Month Average 8/8ths Production: 4,111 BOPD and 4,319 MCFPD
- 6-Month Average Net Production: 9 BOPD and 9 MCFPD
- Operator: Marathon Oil Company
- Three Offset Rigs
- 56 Offset Permits
- New Drill: 3 Confidential | 30 Drilling/DUC | 23 Permitted
- 616 Active Offset Producers
- Select Area Operators:
- Continental Resources, Inc.
- Hunt Oil Company
- Marathon Oil Company
- XTO Energy Inc.
Bids are due at 2:00 p.m. CDT on Dec. 8. For complete due diligence information, please visit energynet.com or email Lindsay Ballard, director, at lindsay.ballard@energynet.com.
Recommended Reading
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
CEO: Magnolia Hunting Giddings Bolt-ons that ‘Pack a Punch’ in ‘24
2024-02-16 - Magnolia Oil & Gas plans to boost production volumes in the single digits this year, with the majority of the growth coming from the Giddings Field.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
2024-02-19 - Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.