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.
Orient Exploration LLC retained EnergyNet for the sale of nonoperated working interest in four Michigan wells located in Washtenaw County through an auction.
- 35.00% to 21.871211% Working Interest / 28.00% to 17.496969% Net Revenue Interest in Four Producing Wells
- Six-Month Average 8/8ths Production: 194 barrels per day of oil
- Four-Month Average Net Income: $90,344/Month
- Operator: Paxton Resources LLC
Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."
Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
Expect plenty of capital, plenty of volatility, plenty of shifts in investor strategies—and plenty of unfolding stories to track as the new year progresses.