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.

Chevron Corp. retained EnergyNet to divest multiple Midcontinent packages throughout Oklahoma in sealed-bid offerings.

The offerings comprise four packages of working interest including nonop interest, royalty interest and overriding royalty interest in 327 wells, 309 of which are producing. The properties total about 27,000 gross (15,000 net) acres with positions in the Scoop, Stack and Merge plays. Combined, the assets generate roughly $500,000 per month in cash flow, based on EnergyNet's six-month average for each package.

In addition, Chevron has further Oklahoma assets for sale in auctions handled by EnergyNet.

Bids for the sealed-bid assets are due at 4 p.m. CST Dec. 13. For information visit energynet.com or contact Chris Atherton, president of EnergyNet, at Chris.Atherton@energynet.com. For additional information contact Denna K. Arias, director of transactions and business development, at Denna.Arias@energynet.com or 832-403-3125.

Lot 53386

Chevron U.S.A. Inc., Chevron Midcontinent LP and Union Oil Co. of California is offering nonoperated working interest, overriding royalty interest, HBP leasehold and mineral fee in the Stack Canadian play in Canadian, Blaine and Grady counties, Okla.

Property Highlights:

  • 128 Well Package - 127 Producing Wells | One Shut-in
    • Nonoperated Working Interests in 17 Wells
    • 53.3290% - 9.375% Gross Working Interest / 46.3021% - 8.0151% Net Revenue Interest
    • Royalty Interest/Overriding Royalty Interest in 107 Wells
    • 12.5% - 0.0002% Royalty Interest/Overriding Royalty Interest
    • Production Payment in Four Wells
    • 75.4882% - 21.875%
  • Total: 12,252.68 Gross (7,310.049 Net) Acres
    • 100% HBP Leasehold
    • 786.789 Net Meramec Acres
    • 22.334 Net Woodford Acres
  • Six-Month Average 8/8ths Production: 1,971 Barrels Per Day of Oil and 42.017 Million Cubic Feet Per Day of Gas
  • Six-Month Average Net Income: $363,926/month
  • Operators: Chesapeake Operating Inc., Cimarex Energy Co., Devon Energy Production Co. LP, Kaiser-Francis Oil Co., Linn Operating Inc. and Marathon Oil Co.

Lot 53387

Chevron U.S.A. Inc. and Union Oil Co. of California is offering nonoperated working interest, overriding royalty interest and HBP leasehold in the Stack extension in Caddo, Garfield and Kingfisher counties, Okla.

Property Highlights:

  • 111 Producing Well Package
    • Nonoperated Working Interests in Three Wells
    • 50.0% - 37.5% Gross Working Interest / 42.7083% - 30.4688% Net Revenue Interest (One unknown interest)
    • Overriding Royalty Interest in 108 Wells
    • 3.5293% - 0.0126% Overriding Royalty Interest
  • Total: 10,140.015 Gross (5,122.936 Net) Acres
    • 1,345.214 Net Meramec Acres
    • 2,613.729 Net Woodford Acres
  • Six-Month Average 8/8ths Production: 1,625 bbl of Oil and 13.733 MMcf/d of Gas
  • Six-Month Average Net Income: $112,517/month
  • Operators: Apache Corp., BRG Production Co., Chesapeake Operating Inc., Devon Energy Production Co. LP, Hinkle Oil & Gas Inc., Kingfisher Resources Inc., Oklahoma Energy Acquisitions LP and Unit Petroleum Co.

Lot 53388

Chevron U.S.A. Inc. and Union Oil Co. of California is offering nonoperated working interest, overriding royalty interest and HBP leasehold in the Northeast Verden Oil Field in Grady and Caddo counties, Okla.

Property Highlights:

  • 52 Well Package - 36 Producing Wells | 16 Injection Wells
    • Nonoperated Working Interests in 33 Wells
    • 15.3232% - 6.25% Gross Working Interest / 12.4501% - 5.4688% Net Revenue Interest
    • Overriding Royalty Interest in Three Wells
    • 9.5703% - 0.7714% Overriding Royalty Interest (Gas)
    • 9.5703% - 0.5284% Overriding Royalty Interest (Oil)
  • Total: 3,711.033 Gross (2,051.806 Net) Acres
    • 100% HBP Leasehold
    • 760.00 Net Woodford Acres
    • 760.00 Net Sycamore Acres
  • Six-Month Average 8/8ths Production: 249 bbl/d of Oil and 258,000 Cubic Feet Per Day of Gas
  • Six-Month Average Net Income: $38,208/month
  • Operators: Apache Corp., Chaco Energy Co., Cimarex Energy Co., Kaiser-Francis Oil Co., Sheridan Production Co. LLC and Unit Petroleum Co.

Lot 53385

Chevron U.S.A. Inc. and Union Oil Co. of California is offering nonoperated working interest, overriding royalty interest, HBP leasehold and mineral fee in the Merge/Scoop area in Grady and McClain counties, Okla.

Property Highlights:

  • 36 Well Package - 35 Producing Wells | One Pending
    • Nonoperated Working Interests in 32 Wells
    • 47.6558% - 6.25% Gross Working Interest / 38.6429% - 5.4688% Net Revenue Interest
    • Royalty Interest/Overriding Royalty Interest in Four Wells
    • 1.3672% - 0.0977% Royalty Interest/Overriding Royalty Interest
  • Total: 1,167.208 Gross (1,011.231 Net) Acres
    • Includes 42.50 Gross/Net Acres - Mineral Fee
    • 185.865 Net Woodford Acres
    • 1,012.102 Net Sycamore Acres
  • Six-Month Average 8/8ths Production: 74 bbl/d of Oil and 1.734 MMcf/d of Gas
  • Six-Month Average Net Income: $13,435/month
  • Operators: Chesapeake Operating Inc., Kaiser-Francis Oil Co., Linn Operating Inc., Samson Resources Co. and St. Mary Land & Exploration Co.
Onshore