Trove Energy LLC

Transaction Type
Sellers
Marketers
Basin
Permian Basin; Delaware Basin
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.

Trove Energy LLC retained EnergyNet for the sale of non-producing federal leasehold acreage within the Delaware Basin in Eddy County, N.M., through a sealed-bid offering.

Highlights:

  • 320.00 Gross / Net Non-Producing Federal Leasehold Acres
    • 100% of OGL's (Delivering 86.50% / 83.50% Net Revenue Interest)
    • Trove Development Area
    • 1/8th Royalty Burden
  • 18 Offset Rigs
  • 733 Offset Permits
    • 106 Active | 25 Drilled/Drilling | 602 Permitted
  • 2,729 Active Offset Producers
    • 720 Horizontal Bone Spring | 102 Horizontal Delaware | 40 Horizontal Wolfcamp
  • Area Operators include Apache Corp., Chevron U.S.A. Inc., COG Operating LLC, Devon Energy Production Co. LP, EOG Resources Inc. and XTO Energy Inc.

Bids are due by 4 p.m. CST Feb. 20. For complete due diligence information visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com.