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.

ConocoPhillips Co. has retained EnergyNet as their exclusive adviser for multiple sealed-bid offerings of Permian Basin assets.

The offerings include operated and nonoperated working interest in more than 160 wells plus associated leasehold acreage in Pecos, Terrell and Val Verde counties, Texas.

ConocoPhillips - Lot 47651

ConocoPhillips is selling its operated and nonoperated working interests in 22 wells plus its associated leasehold acreage located in Pecos County, Texas.

Property Highlights:

  • Operated Working Interest in 21 Wells
    • 92.1875% to 100.00% WI / 80.07812% to 87.50% NRI
    • 18 Producing Wells | 3 Shut-In Wells
  • Nonoperated Working Interest in the Moore, E. R. 1 Producing Well
    • 37.50% WI / 29.88282% NRI
    • Operator: White Rock Oil & Gas LLC
  • 12-Month Average Net Income: $149,995/Month
  • 6-Month Average 8/8ths Production: 3,080 MCFPD and 1 BOPD
  • 12,001.71 Gross / 10,600.63136 Net HBP Leasehold Acres

ConocoPhillips - Lot 47652

ConocoPhillips is selling its operated and nonoperated working interests in 38 wells plus its associated leasehold acreage located in Val Verde County, Texas.

Property Highlights:

  • Operated Working Interest in 36 Wells
    • 52.25% to 100.00% WI / 35.96211% to 87.50% NRI (BPO)
    • 35 Producing Wells | 1 Non-Producing Wells
  • Nonoperated Working Interest in 3 Producing Wells
    • 0.75625% WI / 0.574904% NRI in the Cauthorn 3 2 Well
    • 23.081945% WI / 19.726719% NRI in the Cauthorn 3 3 and 3 4 Wells
    • Operator: Thompson J Cleo
  • 12-Month Average Net Income: $123,390/Month
  • 6-Month Average 8/8ths Production: 2,649 MCFPD
  • 8,782.284 Gross / 8,539.43365 Net HBP Leasehold Acres

ConocoPhillips - Lot 47653

ConocoPhillips is selling its operated and nonoperated working interests in 100+ wells plus its associated leasehold acreage located in Terrell County, Texas.

Property Highlights:

  • Operated Working Interest in 60 Wells
    • 50.00% to 100.00% WI / 40.00% to 87.50% NRI (BPO)
    • 57 Producing Wells | 3 Non-Producing Wells
  • Nonoperated Working Interest in 51 Wells
    • 26.00% to 100.00% WI / 19.58125% to 80.753785% NRI (BPO)
    • 50 Producing Wells | 1 Non-Producing Well
    • Operators: Hilcorp Energy Co. Inc., Legacy Reserves Operating LP and O'Ryan Oil and Gas
  • 12-Month Average Net Income: $788,084/Month
  • 6-Month Average 8/8ths Production: 11,954 MCFPD and 93 BOPD
  • 30,714.50 Gross / 11,386.87 Net HBP Leasehold Acres

Bids are due by 4 p.m. June 5. For additional information contact Cody Felton, vice president of business development for EnergyNet, at cody.felton@energynet.com or 281-221-3042 or Denna Arias, director of transaction management for EnergyNet, at denna.arias@energynet.com or 281-949-8463.