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.
Highlights:
- 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 kreiter@simplexenergy.com or 432-683-3791.
Recommended Reading
Battalion in Compliance with NYSE American after 2023 Meeting
2024-02-13 - Previously, Battalion Oil was not in compliance with the NYSE after failing to hold an annual meeting of stockholders during the fiscal year ending Dec. 31.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
New Fortress Energy Sells Two Power Plants to Puerto Rico
2024-03-18 - New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
Tellurian Executive Chairman ‘Encouraged’ by Progress
2024-03-18 - Tellurian announced new personnel assignments as the company continues to recover from a turbulent 2023.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.