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.
SWEPI LP retained EnergyNet for the sale of non-producing New Mexico leasehold in an auction closing Dec. 4.
The offering by the Royal Dutch Shell Plc affiliate includes about 139,000 net acres of exploratory acreage for the Pennsylvanian tight gas sand formation in Quay and Curry counties, N.M.
- 139,157.322 Net Non-Producing Leasehold Acres
- 100% Gross Working Interest (Delivering 87.50% to 81.25% Net Revenue Interests)
- 100% Undeveloped Acreage
- All Depths
- Acreage Exploratory for Pennsylvanian Tight Gas Sand
- Expiration Schedule:
- Fourth-quarter 2019: 57,722.67 Net Acres
- First quarter: 51,569.16 Net Acres
- Second quarter: 10,356.32 Net Acres
- Third quarter: 7,485.30 Net Acres
- Fourth quarter: 5,246.25 Net Acres
- First quarter: 5,858.71 Net Acres
- Second quarter: 918.92 Net Acres
Bids are due by 3:10 p.m. CST Dec. 4. For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Oil firms Equinor and Rosneft expect to extract some 250 million barrels of oil and 23 billion cubic meters of gas during the first part of the development of the Severo-Komsomolskoye oilfield in Russia, Equinor said on Dec. 23.
Repsol will still hold a 51% stake in the block after the deal.
Chevron said on Dec. 24 it expects Saudi-Kuwaiti Neutral Zone's Wafra oilfield to return to full production within 12 months.