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 for the sale of Permian Basin assets in Andrews County, Texas, through a sealed-bid offering.

The offer includes operated and nonoperated interests plus HBP leasehold acreage in five Permian properties with a combined 12-month average net income of more than $192,000 per month.

Lot 49024 - Property Highlights:

  • 100.00% WI / 89.0625% NRI in the Bitler Lease:
    • 20 Producing Wells | 22 Active Injectors
    • Eight Temporarily Abandoned or Shut-In Wells
  • 12-Month Average Net Income: $74,041/Month
  • Six-Month Average 8/8ths Production: 86 bbl/d of oil and 13 Mcf/d of gas
  • 730.00 Gross / Net HBP Leasehold Acres

Lot 49025 - Property Highlights:

  • 100.00% WI / 87.50% NRI in the Texas University -M- and -Q- Leases:
    • Seven Producing Wells | Two Active Injectors
    • Four Temporarily Abandoned or Shut-In Wells
  • 12-Month Average Net Income: $53,652/Month
  • Six-Month Average 8/8ths Production: 57 bbl/d of oil and 66 Mcf/d of gas
  • 483.00 Gross / Net HBP Leasehold Acres

Lot 49026 - Property Highlights:

  • Nonoperated WI in 13 Wells:
    • 75.00% WI / 64.84375% NRI in 11 Producing Lindley Wells
    • 8.300581% WI / 6.91716% NRI in the Producing University B11 28/21 Well (Wellbore Only)
    • 25.00% WI / 21.875% NRI in the Lockhart & Brown 17-2 Well (Non-Producing)
  • 12-Month Average Net Income: $23,916/Month
  • Six-Month Average 8/8ths Production: 108 bbl/d of oil and 153 Mcf/d of gas
  • Operators include Energen Resources Corp., Mewbourne Oil Co. and Southwest Royalties Inc.
  • 331.50 Net HBP Leasehold Acres

Lot 49027 - Property Highlights:

  • 100.00% WI / 87.50% NRI in the University -R- Lease with Five Producing Wells  and Two Temporarily Abandoned or Shut-In Wells
  • 12-Month Average Net Income: $12,038/Month
  • Six-Month Average 8/8ths Production: 147 Mcf/d of gas and 5 bbl/d of oil
  • 153.00 Gross / Net HBP Leasehold Acres

Lot 49028 - Property Highlights:

  • 100.00% WI / 80.00% to 87.50% NRI in 13 Wells:
    • Eight Producing Wells | Three Active Injectors
    • Two Temporarily Abandoned or Shut-In Wells
  • 12-Month Average Net Income: $29,341/Month
  • Six-Month Average 8/8ths Production: 56 bbl/d of oil and 54 Mcf/d of gas
  • 1,692.00 Gross / Net HBP Leasehold Acres

Bids are due at 4 p.m. CST July 31. 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 further questions contact Denna Arias, director of transactions and business development for EnergyNet, at 832-403-3125 or Denna.Arias@energynet.com.