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.
EP Energy E&P Co. LP retained EnergyNet for the sale of its nonop stake in Utah assets within the Uinta Basin through an auction.
The offer comprises nonoperated working interest and overriding royalty interest (ORRI) in 16 wells plus HBP leasehold covering 1,202.242 net acres located in Duchesne and Uintah counties, Utah.
Highlights:
- Nonoperated Working Interest in 13 Wells:
- 30.00% to 6.25% Working Interest / 25.00% to 5.29701% Net Revenue Interest
- Six Wells After Payout Only
- Nine Producing Wells | Four Shut-In Wells
- ORRI in Three Producing Wells:
- 3.00% to 2.50% ORRI
- The Huber Federal 26-24 Converts to Nonoperated Working Interest After Payout
- Current Average 8/8ths Production: 165 barrels per day of oil and 198,000 cubic feet per day of gas
- Six-Month Average Net Income: $5,629 per month
- 1,202.242 Net HBP Leasehold Acres
- 15.705 Net Mineral Acres
- Operators include Crescent Point Energy U.S. Corp. and Finley Resources Inc.
Bids are due at 1:40 p.m. CST April 17. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Which Haynesville E&Ps Might Bid for Tellurian’s Upstream Assets?
2024-02-12 - As Haynesville E&Ps look to add scale and get ahead of growing LNG export capacity, Tellurian’s Louisiana assets are expected to fetch strong competition, according to Energy Advisors Group.
Marketed: Private Seller Certain Royalty Properties in D-J Basin
2024-02-13 - A private seller retained RedOaks Energy Advisors for the sale of certain royalty properties in the D-J Basin.
Marketed: Bendel Ventures 73 Well Package in Texas
2024-03-05 - Bendel Ventures LP has retained EnergyNet for the sale of a 73 well package in Iron and Reagan counties, Texas.
Marketed: EnCore Permian Holdings 17 Asset Packages
2024-03-05 - EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.
CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess
2024-03-18 - CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.