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.

NorthStar Energy LLC retained EnergyNet for the sale of a 180 well package in Michigan in an auction closing Dec. 11.

The offering includes 100% gross working interest with operations plus about 20,000 net HBP leasehold acres located in Alpena, Charlevoix, Cheboygan and Otsego counties, Mich.

Highlights:

  • Allocates risk between upstream and midstream assets
    • 100% owner of processing and pipeline transportation assets that provide transportation of gas for NorthStar production and potential third-party production with volumetric tariffs approved by Michigan regulators
  • 183 wells
    • 168 wells capable of production
      • Current production from only 32 wellbores
      • 136 wells available for workover/return to production
    • 15 saltwater disposal wells
  • Approximately 20 miles of Michigan Public Service Commission (MPSC) rate approved pipeline system which can also take 3rd party gas
  • Substantial upside from bringing proved developed non-producing (PDNP) wells back online
NorthStar Energy Michigan Asset Map, Alpena, Charlevoix, Cheboygan and Otsego Counties (Source: EnergyNet)
NorthStar Energy Michigan Asset Map, Alpena, Charlevoix, Cheboygan and Otsego Counties (Source: EnergyNet)

Bids are due by 1:30 p.m. CST Dec. 11. For complete due diligence information visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

Onshore