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 Corp. subsidiaries retained EnergyNet to sell assets in the Sand Hills Field within the Permian Basin through a sealed-bid offering.

Chevron Sand Hills Field Asset Map (Source: EnergyNet)

The offering comprises Chevron U.S.A. Inc. and Chevron Midcontinent LP's interests in operations, plus associated leasehold acreage, overriding royalty interests, royalty interests, surface and mineral fee in Crane County, Texas.

Property Highlights:

  • Operations in 158 Wells (Total of 211 less 53 P&A Wells)
    • 50.00% to 100.00% GWI / 45.3125% to 86.9792% NRI
    • 128 Producing Wells / 22 Shut-in Wells / 8 Temporarily Abandoned Wells
  • Royalty/Overriding Royalty Interests
    • 1.630435% to 8.695652% RI (included in NRI above)
    • 5.46875% ORRI (included in NRI above)
  • 7,099.00 Gross / 6,347.76 Net Leasehold Acres
  • 140.034 Gross/Net Mineral Acres
  • 2,518.50 Surface Acres
  • Six-Month Average Monthly Net Income: $280,868/month
  • Six-Month Average 8/8ths Production: 254 bbl/d of Oil and 2,876 Mcf/d of Gas
  • Upside Potential:
    • Optimize Compression
    • Horizontal Drilling
    • Waterflood, WAG and CO₂ Flood

Bids are due at 4 p.m. CST Sept. 6. For complete due diligence information visit energynet.com or email Chris Atherton, president of EnergryNet.com Inc., at Chris.Atherton@energynet.com.

For further information contact Denna Arias, director of transactions and business development for EnergyNet, at 832-403-3125 or Denna.Arias@energynet.com.

Onshore