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.
Michael Joseph Hess, trustee, and Stanley O. Hess Revocable Living Trust retained EnergyNet for the sale of a nine-well package in Canadian County, Oklahoma. The Lot# 102466 package includes nine wells producing MI/RI plus three permitted wells operated by Camino Natural Resources LLC, Canvas Energy LLC, Paloma Resources LLC and Teocalli Explorations LLC.
Opportunity highlights:
- Producing MI/RI in Nine Wells:
- 0.566667% to 0.221534% RI
- Three Permitted Hz Mississippian Wells
- Three-Month Net Income: $19,403/Month
- Six-Month Average 8/8ths Production: 9,084 Mcf/d and 600 bbl/d
- Six-Month Average Net Production: 46 Mcf/d and 2 bbl/d
- Operators:
- Camino Natural Resources LLC
- Canvas Energy LLC
- Paloma Resources, LLC
- Teocalli Exploration LLC
Bids are due at 3:00 p.m. CDT on Dec. 20. For complete due diligence information, please visit energynet.com or email Emily McGinley, director, at emily.mcginley@energynet.com.
Recommended Reading
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
US NatGas Output to Decline in 2024, While Demand Rises to Record High, EIA Says
2024-04-09 - The EIA projected dry gas production will ease in 2024 as several producers reduce drilling activities.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
2024-04-23 - Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
Pemex Reports Lower 2Q Production, Net Income
2024-05-03 - Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.