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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.
- 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.
2023-01-27 - Dan Pickering, Chief Investment Officer of Pickering Energy Partners (PEP), discusses U.S. production and M&A after a “funky and weird” 2022 and sees the U.S. shale boom settling into a “shale business.”
2023-01-30 - Venezuelan PDVSA launched an extensive audit of supply contracts to prevent buyers from skipping out on oil payments under the company's new CEO, Pedro Tellechea.
2022-12-27 - The legislation seeks to ensure that the easing of U.S. sanctions on Venezuela comes only after President Nicolas Maduro has taken steps to restore democratic norms
2022-12-02 - Chevron was authorized on Nov. 26 to expand its Venezuelan operations and resume shipping heavy crude to the U.S.
2022-11-29 - Executives at Venezuelan state firm PDVSA are less enthusiastic after learning of license terms that will not allow Chevron to reimburse operational costs or pay taxes and royalties in Venezuela, according to sources.