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.
EnergyNet has been retained by EnerVest Energy Institutional Fund XII-WIB LP to offer for sale an Appalachia asset package located in various counties in Ohio and Pennsylvania through an auction closing June 17.
The offering comprises Marcellus and Utica shale leasehold and mineral acreage plus 18 wells including nonoperated working interest and overriding royalty interest (ORRI).
Highlights:
- Leasehold Acreage:
- 175.09 Net Marcellus Acres
- 2,060.00 Net Shallow Acres
- 4,071.27 Net Knox Acres
- 57,892.99 Net Utica Acres
- Mineral Acreage:
- 0.02 Net Shallow Acres
- 34,974.16 Net Utica Acres
- Non-Operated Working Interest in Three Wells:
- 3.1446% to 0.130689% Working Interest / 2.75195% to 0.114353% Net Revenue Interest
- An Additional ORRI in All Three Wells
- One Producing Well | Two Non-Producing Wells
- Operators: EAP Ohio LLC and Geopetro LLC
- ORRI in 15 Producing Wells:
- 0.566407% to 0.002898% ORRI
- Operators: Equinor USA Onshore Properties and SWEPI LP
- Six-Month Average Net Income: $6,374 per Month
- Six-Month Average 8/8ths Production: 92.389 MMcf/d of Gas and 3 bbl/d of Oil
- Further Subject to Documentary Stamp Fees
Bids are due by 1:30 p.m. CT June 17. For complete due diligence information visit energynet.com or email Heidi Epstein, manager of business development, at Heidi.Epstein@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
EOG: Utica Oil Can ‘Compete with the Best Plays in America’
2024-05-09 - Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
SM Energy Targets Prolific Dean in New Northern Midland Play
2024-05-09 - KeyBanc Capital Markets reports SM Energy’s wells “measure up well to anything being drilled in the Midland Basin by anybody today.”
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.
Orange Basin Serves Up More Light Oil
2024-03-15 - Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.