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 Indigo has been selected as the exclusive adviser to market EnerVest Energy Institutional Fund IX LP’s nonoperated working interest and overriding royalty interest (ORRI) within the Utica shale play.
Highlights:
- 146,053.27 Net Leasehold Acres in Ohio and Pennsylvania (99% HBP)
- Six-month Average 8/8ths Production: 347,006 Mcf/d of gas and 7,984 bbl/d of oil
- Six-month Average Net Income: $1,240,041 per month
- Nonoperated Working Interest in 410 Wells:
- 32.889388% to 0.001577% Working Interest / 28.332567% to 0.00138% Net Revenue Interest
- 395 Producing Wells | Nine Shut-In Wells | Six DUC Wells
- Select Operators includes EAP Ohio LLC, Penn Energy Resources LLC and Pin Oak Energy Partners LLC
- ORRI in 48 Wells:
- 2.101976% to 0.003364% ORRI
- 46 Producing Wells | Two Shut-In Wells
- Select Operators include Equinor USA Onshore Properties Inc., Penn Energy Resources LLC and Seneca Resources Co. LLC
Bids are due on Oct. 7. The transaction is expected to have an Aug. 1 effective date and close by Oct. 28.
A virtual data room is available. For complete due diligence information visit indigo.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
Marketed: EnCore Permian Holdings 17 Asset Packages
2024-03-05 - EnCore Permian Holdings LP has retained EnergyNet for the sale of 17 asset packages available on EnergyNet's platform.
Marketed: Navigation Powder River Eight Leasehold Lots in Wyoming
2024-04-09 - Navigation Powder River has retained EnergyNet for the sale of eight non-producing federal leasehold lots in Converse and Campbell counties, Wyoming.
ConocoPhillips CEO Ryan Lance: Upstream M&A Wave ‘Not Done’ Yet
2024-03-19 - Dealmaking in the upstream oil and gas industry totaled $234 billion in 2023. The trend shows no signs of slowing, ConocoPhillips CEO Ryan Lance said at the CERAWeek by S&P Global conference.
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.