The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Raven Resources LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of an Oklahoma overriding royalty interest (ORRI) package in Canadian County.
- 2.375% ORRI
- Current production of 139 barrels per day of oil and 3.181 million cubic feet per day
- Producing formation Mississippian
- Operated by Paloma Operating Co. Inc.
- New four well pad completed, anticipated first-quarter 2020 spud
Bids are due by Dec. 12. Data room is currently open.
Mexican state oil company Pemex said on Dec. 6 it has discovered a deposit in southeastern Mexico that could yield 500 million barrels of crude, calling it the largest such finding in more than 30 years.
The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position that is expected to produce 12,000 barrels of oil equivalent per day (boe/d) in 2020.
Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.