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.
Maverick Natural Resources LLC retained EnergyNet for the sale in an auction of operated, producing assets within the Permian Basin in Howard County, Texas.
The offer includes 100% gross working interest in an 84-well package with operations plus 1,200.00 gross/net HBP leasehold acres.
- 100.00% Working Interest / 87.50% Net Revenue Interest in 84 Wells:
- 15 Producing Wells | Eight Injection Wells | 60 Shut-In Wells | One Temporarily Abandoned Well
- Six-Month Average 8/8ths Production: 32 barrels per day of Oil
- Eight-Month Average Net Income: $8,989 per Month
- 1,200.00 Gross/Net Leasehold Acres
Bids close at 2:55 p.m. CST Feb. 20. For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
The continued strength of the Permian Basin will force smaller oil and gas companies to merge or be acquired by larger competitors, which Gibson Dunn attorneys say is a positive for the industry.
EnergyNet has been retained to handle state and federal oil and gas lease sales across the U.S. including nearly 1 million acres for lease in Wyoming alone.
BC Operating retained Simplex Energy Solutions for the sale of an operated commercial saltwater disposal system within the Permian Basin in Lea County, N.M.