Marketed: Permian Basin Royalties, Scurry County, Texas

Transaction Type
Marketers
Basin
Permian Basin
Field
Sacroc Unit
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.

Robert L. Burns Jr. and Linda K. Burns retained EnergyNet for the sale of West Texas royalties within the Permian Basin in an auction closing July 2.

The offer comprises royalty interest in the Sacroc Unit located in Scurry County, Texas. The assets are operated by an affiliate of Kinder Morgan Inc.

Highlights:

  • 0.164799% to 0.06362% Tract Royalty Interest in Sacroc Unit
  • Six-Month Average 8/8ths Production: 29,480 barrels per day of Oil and 89.348 million cubic feet per day of Gas (Unit Production)
  • May 2019 Net Income: $4,946
  • Operator: Kinder Morgan Production Co.

Bids are due by 1:40 p.m. CDT July 2. For complete due diligence information energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.

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