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.
Chevron U.S.A. Inc. and XBM Production LP are selling interests within the Scoop area in Grady County, Okla., through a sealed-bid offering handled by EnergyNet. The offer includes operations, nonoperated working interests, HBP leasehold, overriding royalty interests and mineral fee.
Property Highlights:
- The Scoop area offers three horizons currently under development with overlapping core areas
- The Springer Shale, Woodford and Hunton core development areas neatly overlap in the Scoop
- The three target intervals have favorable characteristics for unconventional development
- Spacing trends are still evolving on an operator-by-operator basis
- Almost 800.00 net Woodford acres in Chitwood NW over six sections
- Chitwood NW Woodford is deeper and more mature; expect wells to be gassier
- Maturity gradient is east-to-west near Chitwood NW
- Operated Working Interest in 15 Wells
- 25% WI to 79.4776% WI / 21.875% to 69.2631% NRI
- 14 Producing Wells / 1 Shut-in Well
- Nonoperated Working Interest in 41 Wells
- 9.375% WI to 37.5% WI / 7.8125% to 32.8125% NRI
- 25 Producing Wells / 11 Injection Wells / 5 P&A Wells
- Royalty/Overriding Royalty Interests
- 1.56250% to 5.3281% RI/ORRI
- 55.00 Gross/Net Mineral Acres
- 2 Producing Wells / 1 P&A Well
- 1,231.787 Gross / 953.315 Net HBP Leasehold Acres
- Six-Month Average Monthly Net Income: $85,722/month
- Six-Month Average 8/8ths Production: 396.93 bbl/d of oil and 767 Mcf/d of gas
Bids are due by 4 p.m. CST July 17. For complete due diligence information visit energynet.com or email Chris Atherton, EnergyNet's president, at Chris.Atherton@energynet.com.
Recommended Reading
Tangled Up in Blue: Few Developers Take FID on Hydrogen Projects
2024-04-03 - SLB, Linde and Energy Impact Partners discuss hydrogen’s future and the role natural gas will play in producing it.
John Cockerill Americas President Talks Hydrogen, Electrolyzers
2024-03-06 - Nicolas de Coignac, president of Americas for John Cockerill, recently spoke with Hart Energy about the company’s role in scaling electrolytic hydrogen in the U.S.
Energy Transition in Motion (Week of March 28, 2024)
2024-03-31 - Here is a look at some of this week’s renewable energy news, including proposals submitted to develop about 6.8 gigawatts of wind projects offshore Connecticut, Massachusetts and Rhode Island.
Markman: Want CO2 Gone Now? Well, You Don’t Always Get What You Want
2024-04-29 - A slew of scenarios shows that climate goals can be achieved with the use of fossil fuels and CCUS.
No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration
2024-04-26 - Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.