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.
Breitburn Operating LP, a subsidiary of Maverick Natural Resources LLC, retained EnergyNet for the sale of a 196 Well Package (Operations and Overriding Royalty Interest) plus 9,376.45 Net HBP Leasehold Acres in the Permian Basin located in Eddy County, N.M.
The offer includes operated working interest in the Artesia, Grayburg Jackson, Loco Hills and Millman East fields.
Property Highlights:
- Operated Working Interest in the Artesia Field:
- 100.00% to 32.98611% Working Interest / 80.68055% to 26.88368% Net Revenue Interest
- Includes an Additional 0.94474% Overriding Royalty Interest in 25 Dunn B Federal Wells
- 130 Producing Wells | 34 Injection Wells | 3 Non-Producing Wells
- Waterflood Potential in Artesia Field (provided by Seller)
- Operated Working Interest in the Grayburg Jackson Field:
- 100.00% Working Interest / 79.25% Net Revenue Interest
- Seven Producing Wells
- Operated Working Interest in the Loco Hills Field:
- 100.00% to 94.0312% Working Interest / 75.50% to 71.784376% Net Revenue Interest
- Four Producing Wells | One Injection Well
- Operating Working Interest in the Millman East Field:
- 100.00% Working Interest / 73.91876% Net Revenue Interest
- 15 Producing Wells | Two Injection Wells
- Six-Month Average 8/8ths Production: 132 Barrels Per Day of Oil and 44,000 Cubic Feet Per Day of Gas
- Six-Month Average Net Income: $82,845/Month
- 9,376.45 Net HBP Leasehold Acres
This is an Auction Property. Bids close at 1:45 p.m. CST Jan. 16.
For complete due diligence information visit energynet.com or email Cody Felton, vice president of business development for EnergyNet, at Cody.Felton@energynet.com. For additional information, contact Denna Arias director of transaction management for EnergyNet, at Denna.Arias@energynet.com.
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