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.
Unit Four Partnership ("Unit Four") retained EnergyNet for the interest of a 97 well package (RI and ORRI) in Bottineau, Divide, McKenzie, and Williams Counties, North Dakota. Lot# 104216 offers overriding royalty interest in 79 wells with an average ORRI of ~0.21%, and royalty interest in another 18 wells with an average RI of ~0.05%. In addition, there is a 12-month average net income of $17,386/month, a 6-month average 8/8ths production of 6,187 barrels per day (bbl/d) and 26,099 MCFPD, and a 6-month average net production of 14 bbl/d and 56 MCFPD. Unit Four has retained EnergyNet as its exclusive advisor relating to the transaction.
Asset Highlights:
- Overriding Royalty Interest in 79 Wells:
- Avg ORRI ~0.21%
- Royalty Interest in 18 Wells:
- Avg RI ~0.05%
- 12-Month Average Net Income: $17,386/Month
- 6-Month Average 8/8ths Production: 6,187 BOPD and 26,099 MCFPD
- 6-Month Average Net Production: 14 BOPD and 56 MCFPD
- Select Operators:
- Continental Resources, Inc.
- Hess Bakken Investments II, LLC
- Liberty Resources Management Company, LLC
- Petro-Hunt, LLC
Bids are due on May 16 at 1:55 p.m. CDT. For complete due diligence information, please visit http://www.energynet.com or email Zachary Muroff, Managing
Director, at Zachary.Muroff@energynet.com.
Recommended Reading
AI & Generative AI Now Standard in Oil & Gas Solutions
2024-07-25 - From predictive maintenance to production optimization, AI is ushering in a new era for oil and gas.
TGS Completes Largest US East Coast Wind, Metocean Survey
2024-07-25 - TGS said the data for this project was collected from July 2022 through July 2024 and covered 600 km from Massachusetts to the Virginia-North Carolina border.
STRYDE Provides Seismic Survey Solutions Globally
2024-07-25 - Companies across various sectors look to use STRYDE’s conventional and in-field processing services for 2D and 3D seismic surveys.
Cracking the Fracking Code: Efficient Approaches to Optimize Wellbores
2024-06-30 - Technology and process innovations improve operational efficiencies even as companies scramble for greener fracking solutions.
Drowning in Produced Water: E&Ps Seek Economic Ways to Handle Water Surge
2024-07-01 - Strained disposal limits push beneficial reuse to the forefront for produced water management.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.