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.
DLH Capital LLC has retained EnergyNet for the sale of a non-operated 10 well package in Blaine, Canadian, Dewey and Kingfisher counties, Oklahoma. The lot# 115833 package includes a four- month average net income of $265,645 per month.
Opportunity highlights:
- Non-Operated Working Interest in 10 Wells:
-
- Avg WI ~14.60% / Avg NRI ~11.23%
- 4-Month Average Net Income: $265,645/Month
- 6-Month Average 8/8ths Production: 1,011 bbl/d of oil and 11,980 MCFPD
- 6-Month Average Net Production: 94 bbl/d of oil and 905 MCFPD
- Operators:
-
- Canvas Energy LLC
- Citizen Energy III LLC
- Crawley Petroleum Corporation
- Ovintiv USA Inc.
Further Subject to Oklahoma State Sales Tax
Bids are due March 21 at 4 p.m. CDT. For complete due diligence, please visit indigo.energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
Recommended Reading
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-05-10 - Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.
Kissler: Mideast Tension Elevates Crude Prices—But for How Long?
2024-05-09 - Producers should be aggressive in locking in desirable crude oil prices on an abnormal market strength.
APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes
2024-05-07 - APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.
What's Affecting Oil Prices This Week? (May 6, 2024)
2024-05-06 - Stratas Advisors forecast that oil demand for 2024 will increase by 1.41 MMbbl/d in comparison to 2023 and that oil demand will increase by 810,000 bbl/d in comparison to 2Q23.
TC Energy Preparing for Natural Gas Demand Surge
2024-05-06 - TC Energy executives expect data centers in Wisconsin and Virginia to drive as much as 8 Bcf/d of natural gas demand for power generation.