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.
Five-JAB Inc. and Pete's Lease LLC retained EnergyNet for the sale of an operated Gulf Coast Basin asset plus HBP leasehold acreage through an auction.
The offer includes 100% Gross Working Interest with Operations in the Wingate Unit #1 and 80.00 Gross/Net HBP Leasehold Acres located in Jefferson County, Texas.
Property Highlights:
- 100.00% Working Interest / 74.419922% Net Revenue Interest (before payout) in the Producing Wingate Unit #1 Well
- 75.00% Working Interest / 55.814941% Net Revenue Interest (after payout)
- Six-Month Average 8/8ths Production: 9 barrels per day of Oil
- 12-Month Average Net Cash Flow: $19,896 per Month
- 80.00 Gross/Net HBP Leasehold Acres
Bids close at 2:25 p.m. CST Feb. 6. For complete due diligence information energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com.
Recommended Reading
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
2024-05-02 - Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
E&P Highlights: March 4, 2024
2024-03-04 - Here’s a roundup of the latest E&P headlines, including a reserves update and new contract awards.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Aker BP’s Hanz Subsea Tieback Goes Onstream
2024-04-22 - AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.