EnergyNet wrapped up 2014 as the most successful year in the firm’s 15-year history with more than $283 million in property sales.
The firm saw a 40% increase in property sales from 2013, marking the second consecutive year of record sales, the company said in a Jan. 14 release.
“EnergyNet closed multiple individual deals in 2014 valued greater than $20 million signaling the market’s recognition that our sales process, platform and access to the marketplace of buyers is viable and works” said Chris Atherton, EnergyNet’s president.
Atherton said the service EnergyNet provides oil and gas companies continues with a stable of clients already looking to move assets in 2015.
“We are currently marketing noncore assets for Chevron, Devon, Bank of America and many others. The markets remain open and liquid in these volatile times,” he said.
The firm opened with a strong first quarter in 2014 and continued to build momentum throughout the year, assisting 395 unique companies with asset sales.
EnergyNet served some of the largest upstream independents as well as majors. The firm marketed for companies such as Devon Energy Corp. (NYSE: DVN), Encana Corp. (NYSE, TSE: ECA), Chevron Corp. (NYSE: CVX), XTO Energy Inc., Royal Dutch Shell Plc (NYSE: RDS-A, RDS-B), EnerVest Ltd., Bill Barrett Corp. (NYSE: BBG), Halcón Resources Corp. (NYSE: HK), Magnum Hunter Resources Corp. (NYSE: MHR), Continental Resources Inc. (NYSE: CLR) and Newfield Exploration Co. (NYSE: NFX).
EnergyNet successfully closed transactions on 123 business days in 2014.
The government lease sale division also made strides in 2014, EnergyNet said. The firm successfully closed hundreds of state lease sales for agencies in Colorado, North Dakota and Utah.
EnergyNet facilitates the sale of producing oil and gas fields, working interests (operated and nonoperated), overrides, royalties, mineral interests, and non-producing leasehold in every onshore U.S. basin.
Approval depends on the publication of a Ministry of Mines and Energy decree that does not violate the rights and conditions from the contract Petrobras has already negotiated, the company said in a statement.
Predictive production modeling shows which variables influence production the most for parent and child wells.
The company said May 20 it was officially awarded an exploration license for the 4,418-sq-km block after placing the winning bid during Argentina’s international bid round April 16.