Eland Energy Inc. and Autonomous Oil LLC are marketing assets in the Permian Basin in Texas, according to EnergyNet, which is handling the sales.
Eland Energy is selling interests in 14 wells, 12 of which are producing, in Glasscock County, Texas. In a sealed-bid offering, Autonomous Oil is selling Midland Basin leasehold acreage in Howard County, Texas.
For information, contact EnergyNet’s Michael Baker at 972-898-5358.
Eland Energy
Eland Energy is selling its various nonoperated working interests in 14 wells and one saltwater disposal well located in the southwest portion of Glasscock County, Texas.
Highlights include:
• Average (after pay out): 28.5% working interest and 23.191875% net revenue interest;
• 12 producers (four horizontal), two shut-in and one saltwater disposal wells;
• Current average 8/8ths production is 1,184 barrels per day of oil and 2,235 thousand cubic feet per day of gas; and
• 800 gross (214 net) total acres.
Bids are due at 2 p.m. CT on May 18.
Autonomous Oil
Autonomous Oil is selling 640 gross/net Permian Basin leasehold acres in Howard County, Texas, through a sealed-bid offering. The offering includes 100% working interest and 75% net revenue interest.
Bids are due at 4 p.m. CT on May 19.
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