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Kimmeridge Tri-State Exploration LLC et al are selling their operated working interests in 10 wells, plus its associated leasehold acreage, located in Posey County, Ind.
- Operated WI in 10 Wells:
- 100.00% GWI / 80.293965% to 82.0314% NRI
- 4 Producing Wells | 1 Shut-In Well | 1 Water Supply Well
- 2 Injection Wells | 2 Salt Water Disposals
- 5-Month Average Net Income: $71,384/Month
- 6-Month Average 8/8ths Production: 74 BOPD
- 13,423.04 Net Acres
- 1,610.89 Net HBP Leasehold Acres
- 11,812.15 Net Non-Producing Leasehold Acres
- 16.6% Average Lease Royalty on Undeveloped Acreage
This is a sealed-bid offering. Bids end at 4 p.m. CST on Feb. 6. For complete due diligence information, please visit energynet.com or contact Denna Arias by phone at (281) 949-8463, or by email at Denna.Arias@energynet.com. Submit sealed-bid offers via email to Ryan Dobbs, VP Business Development, at Ryan.Dobbs@energynet.com.
US Emergency Oil Reserves Fall to Lowest Level in 40 Years
2023-04-17 - U.S. Strategic Petroleum Reserve feel by by nearly 1.6 MMbbl the week of April 10, Department of Energy data shows.
What's Affecting Oil Prices This Week? (April 17, 2023)
2023-04-17 - The price of Brent crude ended the week at $86.31 and the price of WTI ended the week at $82.52.
What's Affecting Oil Prices This Week? (April 24, 2023)
2023-04-24 - The price of Brent crude ended the week at $81.58 and the price of WTI ended the week at $77.87.
What's Affecting Oil Prices This Week? (April 10, 2023)
2023-04-10 - Prices this week aligned with Stratas' expectations that the price of Brent crude would hit resistance at $86 and WTI would hit resistance at $82.
What's Affecting Oil Prices This Week? (April 3, 2023)
2023-04-03 - On April 2, OPEC+ announced production cuts of 1.16 MMbbl/d beginning in May, in line with last week’s assessment that it would take unexpected good news like a production cut from OPEC+ to push the price of Brent above $80 and WTI above $75.