Marathon Oil Corp. (NYSE: MRO) is divesting operations covering about 2,720 gross (2,080 net) leasehold acres in the Uinta Basin through a sealed-bid offering.
The sale includes 18 wells in the Ferron Sandstone Formation in Carbon County, Utah. EnergyNet has been retained by a subsidiary of the Houston-based company to handle the sale.
Highlights:
- 75% average working interest and 64% average net revenue interest;
- 17 producing wells and one saltwater disposal well;
- Six-month average 8/8ths production of 2,163 thousand cubic feet per day; and
- Nine-month average net cash flow of $17,033.
Offers are due at 4p.m. CDT on June 16. For information, contact Cody Felton, business development manager for EnergyNet, at 281- 221-3042.
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