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.

Grizzly Energy LLC retained EnergyNet for the sale of a package of Anadarko Northwest Texas assets through a sealed-bid offering closing Nov. 14.

The offering comprises operations, non-operated working interest, royalty interest and overriding royalty interest (ORRI) in 128 properties plus leasehold acreage located in Gray, Hansford, Hemphill, Lipscomb, Ochiltree and Wheeler counties, Texas.

Highlights:

  • Operations in 10 Wells:
    • 100.00% to 70.62503% Working Interest / 81.25% to 57.381683% Net Revenue Interest
    • Seven Producing Wells | Three Shut-In Wells
  • Nonoperated Working Interest in 89 Wells:
    • 36.00% to 0.3094% Working Interest / 27.00% to 0.267053% Net Revenue Interest (After Payout)
    • 58 Producing Properties | 31 Non-Producing Properties
    • 11 Wells are After Payout Only
    • Select Operators include 4P Energy Texas LLC, Le Norman Operating LLC and Tecolote Energy LLC
  • Royalty or ORRI in 28 Properties (Multiple Wells):
    • 1.5625% to 0.030502% Royalty Interest/ORRI
    • 21 Producing Properties | 7 Non-Producing Properties
    • Select Operators include 4P Energy Texas LLC, RKI Energy Resources LLC and Tecolote Energy LLC
  • Unknown Interest in the Reed 3 Well
  • 12-Month Average Net Income: $31,685 per Month
  • Six-Month Average 8/8ths Production: 313 barrels per day of Oil and 12.937 million cubic feet per day of Gas
  • 4,893.92 Net Leasehold Acres
Grizzly Energy Anadarko Basin Northwest Texas Asset Map, Gray, Hansford, Hemphill, Lipscomb, Ochiltree and Wheeler Counties (Source: EnergyNet)
Grizzly Energy Anadarko Basin Northwest Texas Asset Map, Gray, Hansford, Hemphill, Lipscomb, Ochiltree and Wheeler Counties (Source: EnergyNet)

Grizzly Energy is the new moniker of Vanguard Natural Resources. Following the completion of a financial restructuring in July, Vanguard emerged with the new name as well as a new focus on operating long-lived producing properties primarily in the Rockies, Permian Basin and Midcontinent regions.

Bids are due for Grizzly's Anadarko Northwest Texas package by 4 p.m. Nov. 14.

The company also has two more packages on the market through EnergyNet comprised of sealed-bid opportunities in the Northern Scoop/Stack, Sourthern Scoop/Stack and Anadarko Southeast.

For more information on the offering as well as other opportunities visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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