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.
ConocoPhillips Co. has retained EnergyNet as their exclusive adviser for multiple sealed-bid offerings of Permian Basin assets.
The offerings include operated and nonoperated working interest in more than 160 wells plus associated leasehold acreage in Pecos, Terrell and Val Verde counties, Texas.
ConocoPhillips - Lot 47651
ConocoPhillips is selling its operated and nonoperated working interests in 22 wells plus its associated leasehold acreage located in Pecos County, Texas.
Property Highlights:
- Operated Working Interest in 21 Wells
- 92.1875% to 100.00% WI / 80.07812% to 87.50% NRI
- 18 Producing Wells | 3 Shut-In Wells
- Nonoperated Working Interest in the Moore, E. R. 1 Producing Well
- 37.50% WI / 29.88282% NRI
- Operator: White Rock Oil & Gas LLC
- 12-Month Average Net Income: $149,995/Month
- 6-Month Average 8/8ths Production: 3,080 MCFPD and 1 BOPD
- 12,001.71 Gross / 10,600.63136 Net HBP Leasehold Acres
ConocoPhillips - Lot 47652
ConocoPhillips is selling its operated and nonoperated working interests in 38 wells plus its associated leasehold acreage located in Val Verde County, Texas.
Property Highlights:
- Operated Working Interest in 36 Wells
- 52.25% to 100.00% WI / 35.96211% to 87.50% NRI (BPO)
- 35 Producing Wells | 1 Non-Producing Wells
- Nonoperated Working Interest in 3 Producing Wells
- 0.75625% WI / 0.574904% NRI in the Cauthorn 3 2 Well
- 23.081945% WI / 19.726719% NRI in the Cauthorn 3 3 and 3 4 Wells
- Operator: Thompson J Cleo
- 12-Month Average Net Income: $123,390/Month
- 6-Month Average 8/8ths Production: 2,649 MCFPD
- 8,782.284 Gross / 8,539.43365 Net HBP Leasehold Acres
ConocoPhillips - Lot 47653
ConocoPhillips is selling its operated and nonoperated working interests in 100+ wells plus its associated leasehold acreage located in Terrell County, Texas.
Property Highlights:
- Operated Working Interest in 60 Wells
- 50.00% to 100.00% WI / 40.00% to 87.50% NRI (BPO)
- 57 Producing Wells | 3 Non-Producing Wells
- Nonoperated Working Interest in 51 Wells
- 26.00% to 100.00% WI / 19.58125% to 80.753785% NRI (BPO)
- 50 Producing Wells | 1 Non-Producing Well
- Operators: Hilcorp Energy Co. Inc., Legacy Reserves Operating LP and O'Ryan Oil and Gas
- 12-Month Average Net Income: $788,084/Month
- 6-Month Average 8/8ths Production: 11,954 MCFPD and 93 BOPD
- 30,714.50 Gross / 11,386.87 Net HBP Leasehold Acres
Bids are due by 4 p.m. June 5. For additional information contact Cody Felton, vice president of business development for EnergyNet, at cody.felton@energynet.com or 281-221-3042 or Denna Arias, director of transaction management for EnergyNet, at denna.arias@energynet.com or 281-949-8463.
Recommended Reading
Permian Gas Finds Another Way to Asia
2024-04-30 - A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.
Sempra Targets Summer 2025 for Commercial Start of ECA LNG Phase 1
2024-03-06 - Sempra is targeting the summer of 2025 as the commercial operations date for its 3.25 mtpa (0.43 Bcf/d) nameplate capacity Energía Costa Azul LNG Phase 1 project, located in Ensenada in Baja California, Mexico.
API Gulf Coast Head Touts Global Emissions Benefits of US LNG
2024-04-01 - The U.S. and Louisiana have the ability to change global emissions through the export of LNG, although new applications have been frozen by the Biden administration.
Heard from the Field: US Needs More Gas Storage
2024-03-21 - The current gas working capacity fits a 60 Bcf/d market — but today, the market exceeds 100 Bcf/d, gas executives said at CERAWeek by S&P Global.
ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’
2024-02-14 - ConocoPhillips chairman and CEO Ryan Lance called U.S. President Joe Biden’s recent decision to pause new applications for the export of American LNG “shortsighted in the short-term.”