The Oil & Gas Asset Clearinghouse will conduct an Aug. 31 auction with live floor and real-time internet bidding on oil and gas properties in Colorado, Louisiana, Oklahoma, Texas, Wyoming and several other states.
Significant sellers include: ExxonMobil Corp. (NYSE: XOM), EP Energy Corp. (NYSE: EPE), Swift Energy Co., Energy Production Corp., Black Hills Exploration & Production, Apclark LLC, Bravo Natural Resources LLC and Prelude Petroleum LLC.
The pre-sale begins at 8:30 a.m. with the auction starting at 12:30 p.m. at The Houstonian Hotel, 111 N. Post Oak Lane. Registration in advance is required for all parties interested in bidding.
For information visit ogclearinghouse.com or contact Clearinghouse at 281-873-4600.
Offerings include:
Apclark LLC
- Nonoperated working interest package and multistage development opportunity in the Jo-Mill Field in Borden County, Texas. The offer consists of 11 wells and more than 5,000 gross acres of leasehold. Monthly cash flow averages $3,415 and gross production is 42 barrels per day (bbl/d) of oil and 48 thousand cubic feet per day (Mcf/d) of gas.
Black Hills Exploration & Production
- Operated property package consisting of four wells in the Collins Field in Campbell County, Wyo. Monthly net cash flow averages $5,336 and gross production is 37 bbl/d of oil and 18 Mcf/d of gas.
- Nonoperated property package in the Madden Deep Unit in Freemont County, Wyo., operated by Burlington Resources. The offer includes gross production of 36 bbl/d of oil and 24,668 Mcf/d of gas.
- Operated property package in the Clareton Field in Weston County, Wyo. The offer includes about 100% working interest and 85% net revenue interest in seven wells. Monthly net cash flow averages $11,198 and gross production is 24 bbl/d of oil and 64 Mcf/d of gas.
Bravo Natural Resources
- Nonoperated property package in the Panola Field in Latimer County, Okla. Monthly cash flow averages $2,106 and gross production is 5,903 Mcf/d of gas.
- Operated property package in the Kinta Field in Le Flore County, Okla., with 91 Mcf/d of gross production.
Energy Production Corp.
- Leasehold in the Big Lake West Field in Reagan County, Texas, operated by Permian Resources LLC. Offer consists of 3,200 gross (880 net) acres and 25% working interest and 18.5% net revenue interest in 11 wells (including one saltwater disposal well). Monthly cash flow averages $6,216 and gross production is 89 bbl/d of oil and 176 Mcf/d of gas.
EP Energy
- Overriding royalty interest in the Bethany Longstreet Field in DeSoto Parish, La. The offer includes four wells operated by Chesapeake Energy Corp. (NYSE: CHK) with 3,427 Mcf/d of gross production.
- Overriding royalty interest in the Spider Field in DeSoto Parish, La. The offer includes 1,068 gross/net acres of HBP leasehold operated by Comstock Resources Inc. (NYSE: CRK). Monthly cash flow averages $1,201 and gross production is 344 Mcf/d of gas.
ExxonMobil
- Nonoperated property package in the Mud Lake East Field in Cameron Parish, La. The offer includes 12 wells with gross production of 23 bbl/d of oil and 2,073 Mcf/d of gas.
Prelude Petroleum
- Overriding royalty interest in 66 horizontal Niobrara wells operated by Noble Energy Inc. (NYSE: NBL) in Weld County, Colo., in the Denver-Julesburg (D-J) Basin. Monthly cash flow averages $20,130 and gross production is 2,905 bbl/d of oil and 5,532 Mcf/d of gas.
- Overriding royalty interest in five horizontal Niobrara wells operated by Noble Energy and Carrizo Oil & Gas Inc. (NASDAQ: CRZO) in Weld County, Colo., in the D-J Basin. Monthly cash flow averages $2,091 and gross production is 35 bbl/d of oil and 171 Mcf/d of gas.
Swift Energy
- Operated property package and development package consisting of 130 wells in the Sun TSH Field in La Salle County in South Texas. Monthly net cash flow averages $38,600, excluding copas overhead and capital items, and gross production is 44 bbl/d of oil and 2,466 Mcf/d of gas.
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