Marketed: Rivercrest Royalties California, Louisiana, North Dakota, Oklahoma, Texas Nonop Assets

Transaction Type
Marketers
Basin
East Texas Basin; Los Angeles Basin; Midcontinent; Williston Basin
Field
Bakken/Three Forks; Scoop/Stack Plays
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.

Rivercrest Royalties Holdings II LLC retained EnergyNet for the sale of assets across major oil- and gas-producing basins throughout the U.S. in auctions closing June 12.

The offer, comprised of four packages, consists of nonoperated working interest across California, Louisiana, North Dakota, Oklahoma and Texas. Operators include XTO Energy Inc., Whiting Petroleum Corp., Aethon Energy Management LLC and more.

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.

Lot 57763

EnergyNet has been retained by Rivercrest Royalties II to offer for sale the THUMS Long Beach Unit (Nonoperated Working Interest) located in Los Angeles County, Calif.

Highlights:

  • 0.03187% Working Interest/Net Revenue Interest in the THUMS Long Beach Unit (Unleased Mineral Interest)
  • Six-Month Average 8/8ths Production: 18,945 barrels per day (bbl/d) of Oil and 7.349 million cubic feet per day (MMcf/d) of Gas
  • 10-Month Average Net Income: $4,673 per Month
  • Operator: THUMS Long Beach Co.

Bids are due by 1:45 p.m. CDT June 12.

Lot 57780

EnergyNet has been retained by Rivercrest Royalties II to offer for sale a nine-well package (nonoperated working interest) located in Canadian, Pittsburg and Stephens counties, Okla.

Highlights:

  • 9.15342% to 0.76378% Working Interest / 7.437154% to 0.620571% Net Revenue Interest in Nine Producing Wells
  • Six-Month Average Net Income: $41,674 per Month
  • Six-Month Average 8/8ths Production: 3,050 bbl/d of Oil and 4.431 MMcf/d of Gas
  • Operators include Newfield Exploration Mid-Continent Inc., Territory Resources LLC and XTO Energy Inc.

Bids are due by 1:50 p.m. CDT June 12.

Lot 57784

EnergyNet has been retained by Rivercrest Royalties Holdings II to offer for sale a 19-well package (nonoperated working interest) located in Mountrail and Williams counties, N.D.

Highlights:

  • 3.123438% to 0.248296% Working Interest / 2.38943% to 0.248296% Net Revenue Interest in 19 Producing Wells:
    • Unleased Mineral Interests in the Nine Mountrail County Wells
    • After Payout Only in Six Evelyn Wells
  • 12-Month Average Net Income: $7,558 per Month
  • Six-Month Average 8/8ths Production: 768 bbl/d of Oil and 1.753 MMcf/d of Gas
  • Operators: Whiting Petroleum Corp. and XTO Energy Inc.

Bids are due by 2:10 p.m. CDT June 12.

Lot 57782

EnergyNet has been retained by Rivercrest Royalties Holdings II to offer for sale a two-property package (nonoperated working interest) located in Caddo Parish, La., and Leon County, Texas.

Highlights:

  • 0.975942% Working Interest / 0.791705% Net Revenue Interest in the Producing Red Oak (Woodbine Dexter) Unit
  • 0.99385% Working Interest / 0.720541% Net Revenue Interest in the Producing Simmons 30 001-ALT; CV RA SU62 Well
  • 12-Month Average Net Income: $2,853 per Month
  • Six-Month Average 8/8ths Production: 266 bbl/d of Oil and 909,000 cubic feet per day of Gas
  • Operators: Aethon Energy Operating LLC and XTO Energy Inc.

Bids are due by 2:15 p.m. CDT June 12.