Marketed: EP Energy Operated Permian Basin Assets, Crockett County, Texas

Transaction Type
Sellers
Marketers
Basin
Permian Basin
Announce Date
Post Date
Close Date
Estimated Price
MM
Description

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.

EP Energy E&P Co. LP retained EnergyNet for the sale of operated Permian Basin assets located in Crockett County, Texas, through an auction.

The offer includes an operated 100% gross working interest in two wells plus 1,290.00 gross/net HBP leasehold acres.

Highlights:

  • 100.00% Working Interest / 75.00% Net Revenue Interest in the Producing Bean Ranch UV-34 1H Well:
    • 90.00% Working Interest / 67.50% Net Revenue Interest After Payout
  • 100.00% Working Interest / 75.00% Net Revenue Interest in the Producing Double T Ranch OP-69 2H Well
  • 12-Month Average Net Income: $47,076 per month
  • Six-Month Average 8/8ths Production: 649,000 cubic feet per day of Gas and 13 barrels per day of Oil
  • 1,290.00 Gross/Net HBP Leasehold Acre

Bids are due at 1:35 p.m. CDT April 24. For complete due diligence information 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.