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.
Del Rio Royalty Co. LLC retained EnergyNet for the sale of nonoperated working interest in a producing well located in Colorado's Larimer County operated by Extraction Oil & Gas Inc. through an auction April 1.
- 7.938081% Working Interest / 6.232301% Net Revenue Interest (Before Payout) in the Wellbore of the Producing Johnsons Corner East #1-N Well
- 5.853313% Working Interest / 4.624673% Net Revenue Interest (After Payout)
- Six-Month Average Net Income: $17,915 per Month
- Six-Month Average 8/8ths Production: 182 barrels per day of Oil and 906,000 cubic feet per day of Gas
Bids are due by 2:10 p.m. CT April 1. For complete due diligence information visit energynet.com or email Ryan P. Dobbs, vice president of business development, at Ryan.Dobbs@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
If Saudi Arabia and Russia ramp up production as promised, the increase could total as much as 700 million barrels per month.
The impetus for iPIPES, an industry-wide partnership focused on developing new technologies to prevent and detect pipeline leaks, was the dramatic growth created by the “Bakken boom,” program manager Jay Almlie says.
Construction will lead to thousands of new jobs, billions in economic stimulus and enhanced North American energy security.