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Marshfield Oil & Gas LLC retained EnergyNet for the sale of a Permian Basin opportunity in Upton County, Texas, through a sealed-bid offering closing Nov. 18.
The offering consists of non operated working interest in a six-well package plus HBP leasehold acreage. The assets are operated by Apache Corp.
Highlights:
- Click here to view Executive Summary
- 49.00% to 2.450% Working Interest / 36.75% to 1.8375% Net Revenue Interest (Before Payout) in Six Producing Wells
- 216 Potential Drilling Locations
- August 2020 Net Income: $58,753
- Six-Month Average 8/8ths Production: 240 bbl/d of Oil and 701,000 cf/d of Gas
- Operator: Apache Corp.
- 5,417.90 Gross / 2,654.771 Net HBP Leasehold Acres
Bids are due by 4 p.m. CT Nov. 18. For complete due diligence information visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
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