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.
Battalion Oil Corp. retained EnergyNet for the sale of a nonoperated working interest package in the Bakken Shale through an auction closing Aug. 18.
The offering includes nearly 13,000 net leasehold acres plus interest in a four-well package operated by an affiliate of Lime Rock Resources in North Dakota’s Burke and Ward counties.
Highlights:
- 12,976.3375 Net Leasehold Acres:
- 12,856.3375 Net Non-Producing Leasehold Acres | 120.00 HBP Leasehold Acres
- 100% of OGLs (Delivering 83.33% to 85.00% Net Revenue Interest)
- Nonoperated Working Interests in Four Producing Horizontal Wells:
- 9.375% to 4.758279% Working Interest / 7.8125% to 3.965233% Net Revenue Interest (After Payout)
- Nordloef 4-30-19TFH-160-90L is After Payout Only
- Six-month Average 8/8ths Production: 357 bbl/d of Oil and 360 Mcf/d of Gas
- Four-month Average Net Income: $27,271/Month
- Operator: Lime Rock Resources III-A LP
Bids are due by 2:05 p.m. CDT on Aug. 18. For complete due diligence information on any of the packages visit energynet.com or email Cody Felton, vice president of business development, at Cody.Felton@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
Strike Energy Updates 3D Seismic Acquisition in Perth Basin
2024-04-19 - Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said.
E&P Highlights: March 11, 2024
2024-03-11 - Here’s a roundup of the latest E&P headlines, including a new bid round offshore Bangladesh and new contract awards.
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
2024-03-26 - Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
Barnett & Beyond: Marathon, Oxy, Peers Testing Deeper Permian Zones
2024-04-29 - Marathon Oil, Occidental, Continental Resources and others are reaching under the Permian’s popular benches for new drilling locations. Analysts think there are areas of the basin where the Permian’s deeper zones can compete for capital.
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.