The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Three Crown Petroleum LLC retained Oil & Gas Asset Clearinghouse LLC for the sale of a Powder River Basin producing mineral package in Johnson County, Wyo.
Highlights:
- 9,497 gross (8,637 net) acres
- $156,000 average annual net royalty cash flow (last three years)
- $528,000 average annual lease bonus (last three years)
- 4,103 net acres leased to ATX Energy Partners ($2 million bonus due to extend)
- 2,773 net acres HBP leased to EOG Resources Inc.
- 1,760 net acres open
- EOG recently purchased directly offset open leasehold surrounding Hummingbird region
- Offset horizontal drilling activity in the Mowry, Niobrara and Shannon reservoirs
Bids are due Feb. 27. An electronic data room is available.
For information visit ogclearinghouse.com or contact Jeremy Beddo at jbeddo@ogclearinghouse.com or 405-613-1227.
Recommended Reading
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
NAPE: Turning Orphan Wells From a Hot Mess Into a Hot Opportunity
2024-02-09 - Certain orphaned wells across the U.S. could be plugged to earn carbon credits.
Comstock Continues Wildcatting, Drops Two Legacy Haynesville Rigs
2024-02-15 - The operator is dropping two of five rigs in its legacy East Texas and northwestern Louisiana play and continuing two north of Houston.
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
TotalEnergies Starts Production at Akpo West Offshore Nigeria
2024-02-07 - Subsea tieback expected to add 14,000 bbl/d of condensate by mid-year, and up to 4 MMcm/d of gas by 2028.