The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Public Gas Partners Inc. retained Meagher Energy Advisors for the sale of nonoperated leasehold and minerals in the Permian's central and Midland basins.
The offer comprises assets across 14 counties in Texas including Andrews, Coke, Cooke, Crockett, Dawson, Gaines, Glasscock, Hockley, Irion, Martin, Midland, Schleicher, Scurry, Upton and Yoakum counties. Bids are due July 18.
Highlights:
- Land
- 8,730.59 Net Acres
- Majority is HBP
- Average interest in existing wells
- Working Interest: 23.55%, Net Revenue Interest: 18.92%
- Average effective net royalty interest 80%
- 698.64 net mineral acres
- About 200 active wells
- 8,730.59 Net Acres
- Reserves and Economics
- Net daily production
- 86 barrels of oil, 126,000 cubic feet of gas
- Monthly cash flow
- $51,640
- Net daily production
- Overview
- Notable Operators
- Apache Corp., Chevron Corp., Diamondback Energy Inc., Occidental Petroleum Corp., Pioneer Natural Resources Co., Unit Petroleum Co. and XTO Energy Inc.
- Over 150 active rigs in these 15 counties
- Notable Operators
The sale is expected to have a June 1 effective date and close on Aug. 15.
For information visit meagheradvisors.com or contact Derec Norman, director of marketing at Meagher, at dnorman@meagheradvisors.com or 918-481-5900.
Recommended Reading
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
NOV's AI, Edge Offerings Find Traction—Despite Crowded Field
2024-02-02 - NOV’s CEO Clay Williams is bullish on the company’s digital future, highlighting value-driven adoption of tech by customers.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
2024-02-11 - Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
Todd Holdco to Invest Further into Northcliff Resources
2024-01-24 - Todd Holdco will acquire 37,333,333 common shares in Northcliff at CA$0.01875 (US$ 0.014) per common share.