Marketed: Nonop Interests, More Than 1,100 Wells/Locations

CXA Oil & Gas Holdings LP is selling a nonop stake in more than 1,120 wells and well locations across the U.S. in five, separate sealed-bid offerings handled by EnergyNet.

The offer comprises working interests in producing wells in the Midcontinent and Rockies regions as well as the Permian, Williston and Gulf Coast basins. Operators include Apache Corp. (NYSE: APA), ConocoPhillips Co. (NYSE: COP) and Devon Energy Corp. (NYSE: DVN).

Bids are due by 4 p.m. CT June 27. For information visit energynet.com or contact EnergyNet's Denna Arias at 281-949-8463.

New Mexico/Texas—180+ Wells/Locations

CXA Oil & Gas, as agent, is offering various nonoperated working interests in more than 150 wells and 30 well locations in the Permian Basin across multiple counties in New Mexico and Texas.

The assets are located in Eddy and Lea counties, N.M., and Andrews, Crane, Crosby, Gaines, Howard, Loving, Martin, Pecos, Schleicher, Sutton, Ward and Winkler counties, Texas.

Highlights:

• 0.0912%-41.6875% working interest and 0.0767%-33.871094% net revenue interest in more than 180 wells and well locations;
  • More than 120 producing wells;
  • More than 30 undeveloped well locations including behind pipe potential;
  • One non-producing well;
  • More than five shut-in wells;
• 35 Bone Springs and Wolfcamp producers and 16 undeveloped locations;
• Six-month average 8/8ths production of 4,066 barrels per day (bbl/d) of oil and 10.946 million cubic feet per day (MMcf/d) of gas;
• 12-month average net cash flow of $160,570 per month; and
• Operators include Anadarko Petroleum Corp. (NYSE: APC), Apache, Cimarex Energy Co. (NYSE: XEC), Murchison Oil & Gas Inc., Roff Operating Co. and Seaboard Operating Co.

Arkansas/Colorado/Kansas/Oklahoma/Texas—400+ Wells/Locations

CXA Oil & Gas, as agent, is offering various nonoperated working interests in more than 300 wells and 100 well locations across five states in the Midcontinent region.

The assets are located across multiple counties in Arkansas, Colorado, Kansas, Oklahoma and Texas.

Highlights:

• 0.001829%-46.075177% working interest and 0.001414%-37.54171% net revenue interest in more than 400 wells and well locations;
  • More than 300 producing wells;
  • More than 100 proved undeveloped well locations including behind pipe potential;
  • Two non-producing wells;
  • 15 shut-in;
• 18 Mississippian and Woodford producers and five Woodford and Mississippian locations;
• Six-month average 8/8ths production of 1,882 bbl/d of oil and 38.048 MMcf/d of gas;
• 12-month average net cash flow of $89,892 per month; and
• Operators include Apache, Chaparral Energy Inc., Chesapeake Energy Corp. (NYSE: CHK), Devon Energy and XTO Energy Inc.

The offer also includes an agreement with Sanguine Gas Exploration LLC for the Kelton East Field in Wheeler County, Texas, that comprises subsequent reversionary interest at payout on associated deep rights wells in the Marmaton Formation.

Montana/North Dakota/Utah/Wyoming—190+ Wells/Locations

CXA Oil & Gas, as agent, is offering various nonoperated working interests in 80 wells and 110 well locations in four states across the Williston Basin and Rockies region.

The assets are located in multiple counties across Montana, North Dakota, Utah and Wyoming.

Highlights:

• 0.14%-15.28% working interest and 0.1%-12.2% net revenue interest in 190 wells and well locations;
  • 79 producing wells;
  • 110 undeveloped well locations;
  • One shut-in well;
• 75 horizontal Bakken/Three Forks producers and 102 Bakken/Three Forks locations;
• Six-month average 8/8ths production of 4,578 bbl/d of oil and 7.824 MMcf/d of gas;
• Four-month average net cash flow of $97,621 per month; and
• Operators include Continental Resources Inc. (NYSE: CLR), QEP Resources Inc. (NYSE: QEP), EOG Resources Inc. (NYSE: EOG), Marathon Oil Corp. (NYSE: MRO), Statoil ASA (NYSE: STO), Whiting Petroleum Corp. (NYSE: WLL) and XTO Energy.

Louisiana/Texas—200+ Wells/Locations

CXA Oil & Gas, as agent, is offering various nonoperated working interests in more than 185 wells and 20 well locations in East Texas and Northern Louisiana.

The assets are located in multiple parishes in Louisiana and Texas counties, EnergyNet said.

Highlights:

• 0.06566%-43% working interest and 0.05417%-31.1922% net revenue interest in more than 200 wells and well locations;
  • More than 165 producing wells;
  • More than 25 undeveloped well locations including behind pipe potential;
  • 22 wells currently shut-in;
• 93 Barnett Shale producers (more than 30 horizontal);
• Six-month average 8/8ths production of 25.342 MMcf/d of gas and 82 bbl/d of oil;
• 10-month average net cash flow of $29,441 per month; and
• Operators include Bluestone Natural Resources LLC, ConocoPhillips, Devon Energy, Maximus Operating Ltd. and XTO Energy.

Alabama/Louisiana/Mississippi/Texas/West Virginia—150+ Wells/Locations

CXA Oil & Gas Holdings, L.P. as agent, is offering various nonoperated working interests in more than 132 wells and 30 well locations across five states, including the Gulf Coast Basin.

The assets are located in multiple counties across Alabama, Mississippi, Louisiana, Texas and West Virginia.

Highlights:

• 0.002%-31.171875% working interest and 0.001879%-27.27539% net revenue interest in more than 150 wells and well locations;
  • 121 producing wells;
  • More than 30 undeveloped well locations including behind pipe potential;
  • Nine shut-in;
• Six-month average 8/8ths production of 1,122 bbl/d of oil and 11.309 MMcf/d of gas;
• Six-month average net cash flow of $33,705 per month; and
• Operators include Bluestone Natural Resources, Eagle Oil and Gas Inc., Hilcorp Energy Co., White Oak Energy LLC and Wagner Oil Co.