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.
Nye Oil LLC has retained EnergyNet for the sale of a 27-property package in Frio and La Salle counties, Texas. The lot# 115876 package includes a six- month average net income of $4,659 per month.
Opportunity highlights:
- Overriding Royalty Interest in 27 Properties (95 Wells):
- Avg ORRI ~0.85%
- Operator Planning on More Wells with 500ft Spacing | Refrac in Multiple Wells
- 6-Month Average (July 2023 - December 2023):
- 8/8ths Production: 2,184 bbl/d and 2,738 cf/d
- Net Production: 17 bbl/d and 22 cf/d
- 6-Month Average Net Income: $42,659/Month
Operator: Cheyenne Petroleum Company
Bids are due April 4 at 1:30 p.m. CDT. For complete due diligence, please visit energynet.com, or email Cody Felton, managing director, at Cody.Felton@energynet.com, or Jewell Arias, buyer relations, at Jewell.Arias@energynet.com.
Recommended Reading
Midstream Operators See Strong NGL Performance in Q4
2024-02-20 - Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.
Hess Midstream Subsidiary to Buy Back $100MM of Class B Units
2024-03-13 - Hess Midstream subsidiary Hess Midstream Operations will repurchase approximately 2 million Class B units equal to 1.2% of the company.
Report: Crescent Midstream Exploring $1.3B Sale
2024-04-23 - Sources say another company is considering $1.3B acquisition for Crescent Midstream’s facilities and pipelines focused on Louisiana and the Gulf of Mexico.
Squashing Midstream: Lessons Learned as Sector Looks to Horizon
2024-04-08 - What does the next level look like for the midstream sector?
Plains All American Names Michelle Podavin Midstream Canada President
2024-03-05 - Michelle Podavin, who currently serves as senior vice president of NGL commercial assets for Plains Midstream Canada, will become president of the business unit in June.