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.
Muscular Dystrophy Association Inc. retained EnergyNet for the sale of producing mineral and royalty interests in the Williston Basin through an auction closing March 24.
The offering includes interests in a 54-well package located in North Dakota's Billings and Dunn counties.
- 1.252148% to 0.004883% RI in 54 Producing Wells
- Current Average 8/8ths Production: 2,646 BOPD and 2,877 MCFPD
- Nine-Month Average Net Income: $3,208/Month
- Select Operators include Continental Resources Inc., Lime Rock Resources III-A LP and Marathon Oil Co.
Bids are due by 1:30 p.m. CT March 24. 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.
Excess supply has sparked a fresh dilemma among U.S. drillers, which are being asked to cut oil production as storage space fills up.
The Texas oil and gas regulator, the Texas Railroad Commission, imposed production limits on producers in the 1930s to try to prop up prices and later was a model for the creation of OPEC.
Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Jan. 25.