The following information is provided by Simplex Energy Solutions LLC. All inquiries on the following listings should be directed to Simplex Energy. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
BC Operating Inc. retained Simplex Energy Solutions LLC for the sale of an operated commercial saltwater disposal system within the Permian Basin in Lea County, N.M.
Water is disposed into the Cherry Canyon Formation at about 6,000 ft subsurface. The well is permitted for 12,000 barrels per day (bbl/d) of water at 1,150 pounds per square in gauge (psig). Net income averaged $133,546 per month for the period June 2018 through November.
- Commercial Saltwater Disposal
- 100.0% Working Interest
- Permitted 12,000 bbl/d of Water
- Net Income of $133,546 per month from June 2018 through November
Bids are due by 4 p.m. CST Feb. 27. For information visit simplexenergy.com or contact Karl Reiter at firstname.lastname@example.org or 432-683-3791.
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.
Contrast that to the S&P 500 over that period, and, “the rest of the market looked pretty easy to make money in. There’s a lot of frustration in the market.”
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.