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.
Bearcat Energy LLC retained EnergyNet for the sale of Wyoming assets in a sealed-bid offering closing Dec. 5.
The offering includes operations, overriding royalty interest (ORRI) and royalty interest in a 724 well package plus over 27,000 net leasehold acres in Campbell, Converse, Johnson, Niobrara, Sheridan and Weston counties, Wyo.
- 27,680.53 Net Leasehold Acres
- 27,480.92 Developed/HBP Acres | 160.00 Undeveloped Acres | 39.61 Shut-In Acres
- 20,349.16 Net Federal Acres | 6,646.02 Net Fee Acres | 685.35 Net State Acres
- Operated Working Interest and Royalty Interest/ORRI in 724 Wells:
- 100.00% to 25.00% Working Interest / 89.955% to 21.1144% Net Revenue Interest in 667 Wells
- 7.00% to 0.000021% Royalty Interest/ORRI in 57 Wells
- Six-Month Average 8/8ths Production: 23 barrels per day of Oil and 429,000 cubic feet per day of Gas
Bids are due by 4 p.m. CST Dec. 5. 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, director of transaction management, at Denna.Arias@energynet.com.
Oil prices gained ahead of Hurricane Sally's expected landfall on the U.S. Gulf Coast. Brent crude futures gained 92 cents, or 2.3%, to settle at $40.53/bbl, while WTI crude rose $1.02, or 2.7%, to settle at $38.28/bbl.
Traditional onshore storage is close to capacity.
Oil futures tumbled on Sept. 8, with Brent dropping below $40/bbl for the first time since June and U.S. crude off more than 8%, after Saudi Arabia cut its October selling prices amid a flare-up of coronavirus cases around the world.