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.

Trove Energy LLC retained EnergyNet for the sale of non-producing federal leasehold acreage within the Delaware Basin in Eddy County, N.M., through a sealed-bid offering.

Trove Energy Delaware Basin Federal Leasehold Acreage Map (Source: EnergyNet)

Highlights:

  • 320.00 Gross / Net Non-Producing Federal Leasehold Acres
    • 100% of OGL's (Delivering 86.50% / 83.50% Net Revenue Interest)
    • Trove Development Area
    • 1/8th Royalty Burden
  • 18 Offset Rigs
  • 733 Offset Permits
    • 106 Active | 25 Drilled/Drilling | 602 Permitted
  • 2,729 Active Offset Producers
    • 720 Horizontal Bone Spring | 102 Horizontal Delaware | 40 Horizontal Wolfcamp
  • Area Operators include Apache Corp., Chevron U.S.A. Inc., COG Operating LLC, Devon Energy Production Co. LP, EOG Resources Inc. and XTO Energy Inc.

Bids are due by 4 p.m. CST Feb. 20. For complete due diligence information visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com.