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.
Eagle Oil & Gas Co. is selling its Permian Basin leasehold position covering 50,531.49 gross (43,042.54 net) acres, plus its operated working interest in one horizontal and one saltwater disposal well, all located in Cochran and Hockley counties, Texas.
Property Highlights:
- 50,531.49 Gross (43,042.54 Net) Leasehold Acres
- Cochran County - 39,280.90 Gross (33,513.46 Net) Leasehold Acres
- Hockley County - 11,250.59 Gross (9,529.08 Net) Leasehold Acres
- 100% of OGLs (delivering 75.00% to 80.25% NRI)
- Leases Expire from April 2019 through July 2022 (a number of leases have option to extend)
- Offset Producers:
- Buckshot Unit - Prac IP 1,344.22 boe | 41.64%
- Calvin-Starnes Unit - Prac IP 680.28 boe | 71.60%
- Dean Unit "B" - Prac IP 1,226.16 boe | 100.00%
- D-L-S (San Andres) Unit - Prac IP 392.50 boe | 87.35%
- Ropes Canyon Reef Unit - Prac IP 1,548.36 boe | 100.00%
- South Mallet Unit - Prac IP 290.50 boe | 83.66%
- Select Area Operators:
- Apache Corp.
- Breitburn Operating LP
- Cimarex Energy Co.
- Devon Energy Production Co. LP
- Linn Operating LLC
- 62 Active Offset Permits
- Operations in One Horizontal Well and One Saltwater Disposal Well:
- Angus 53-48 1H | 100.00% WI / 77.583917% NRI (BPO)
- Angus 53 SWD | 100.00% WI
- Both Wells Currently Shut-In
Sealed-bid offers are due by 4 p.m. CT May 2 and can be submitted to Michael Baker, Vice President of Business Development, at Michael.Baker@energynet.com. For complete due diligence information visit energynet.com or contact Denna Arias at 281-949-8463 or Denna.Arias@energynet.com.
Recommended Reading
Chesapeake Slashing Drilling Activity, Output Amid Low NatGas Prices
2024-02-20 - With natural gas markets still oversupplied and commodity prices low, gas producer Chesapeake Energy plans to start cutting rigs and frac crews in March.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
Northern Oil and Gas Ups Dividend 18%, Updates Hedging
2024-02-09 - Northern Oil and Gas, which recently closed acquisitions in the Utica Shale and Delaware Basin, announced a $0.40 per share dividend.
Range Resources Holds Production Steady in 1Q 2024
2024-04-24 - NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.