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. retained EnergyNet to sell operated Permian Basin properties in Ector County, Texas, through a sealed-bid offering.
The offering includes operations in 152 wells plus more than 4,000 net HBP leasehold acres. Bids are due at 4 p.m. CST on Nov. 7.
Highlights:
- 68.329181% Working Interest / 59.509788% Net Revenue Interest in the North Penwell Unit:
- 52 Producing Wells | 35 Active Injector | 49 Temporarily Abandoned/Shut-In Wells
- As to the Unitized Depths Only
- 100% Working Interest / 87.5% Net Revenue Interest In 15 Millard Wells:
- 10 Producing Wells | 1 Active Injector | 4 Temporarily Abandoned/Shut-In Wells
- 55% Working Interest / 41.250812% Net Revenue Interest in the Shut-In Blakeney E 4 Well (Wellbore Only)
- Six-Month Average 8/8ths Production: 338 Barrels Per Day of Oil and 1.137 Million Cubic Feet Per Day of Gas
- 12-Month Average Net Income: $168,569 Per Month
- 4,074.94 Net HBP Leasehold Acres:
- 3,091.91 Net Acres Held by the North Penwell Unit
- 2,446.78 Net Acres as to the Glorieta Formation
- 2,886.44 Net Acres as to the San Andres Formation
- 2,241.32 Overlapping Net Acres
- 983.03 Net Acres Held by the Millard Wells (As to all Depths)
- 3,091.91 Net Acres Held by the North Penwell Unit
For information on this listing visit energynet.com or contact Cody Felton, vice president of business development for EnergyNet, at Cody.Felton@energynet.com or 281-221-3042. For additional information contact Denna K. Arias, director of transactions and business development for EnergyNet, at Denna.Arias@energynet.com or 832-403-3125.
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