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.
CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of a non-operated working interest in the J. H. Kurth Jr. B-lease wells located in Newton County, Texas. The Lot# 102381 includes six-month average net production of 4 bbl/d and 542 MMcf/d operated by Foundation Energy Management LLC.
Opportunity highlights:
- Non-Operated Working Interest in the J. H. Kurth Jr. -B- Lease (3 Wells):
- 0.50% WI / 0.36% NRI
- 6-Month Average Net Income: $9,985/Month
- 6-Month Average 8/8ths Production: 977 BOPD and 541 MCFPD
- 6-Month Average Net Production: 4 BOPD and 2 MCFPD
- Operator: Foundation Energy Management, LLC
Bids are due at 2:05 p.m. CDT on Feb. 15. For complete due diligence information, please visit energynet.com or email Cody Felton, managing director, at Cody.Felton@energynet.com.
Recommended Reading
Marketed: EnCore Permian Holdings 17 Asset Packages
2024-03-05 - EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.
Civitas, Prioritizing Permian, Jettisons Non-core Colorado Assets
2024-02-27 - After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
FTC OKs Exxon-Pioneer Merger, but Bars Sheffield from Exxon’s Board
2024-05-02 - A megamerger between Exxon Mobil and Pioneer Natural Resources can proceed, but Pioneer Chairman Scott Sheffield is out, the Federal Trade Commission says.
Sitio Royalties Dives Deeper in D-J with $150MM Acquisition
2024-02-29 - Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.