An affiliate of Devon Energy Corp. (NYSE: DVN) is selling more than 42,000 net acres in the Powder River Basin through a sealed-bid offering being handled by EnergyNet.
The assets include non-producing and HBP leasehold plus nonoperated working interest and overriding royalty interests in Niobrara and Converse counties, Wyo.
Highlights:
- 42,606 net leasehold acres;
- 75.5% to 87.5% net revenue interest;
- 39,702 net leasehold acres nonproducing;
- 1,602 net leasehold acres HBP;
- 981 net leasehold acres held by unit; and
- 95% federal leases.
Bids are due by 4 p.m. CT Oct. 5. For information visit energynet.com or contact EnergyNet’s Denna Arias at 281-949-8463.
Recommended Reading
Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations
2024-04-18 - Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
Marketed: Team Operating Gulf Coast Opportunity
2024-03-19 - Team Operating LLC has retained PetroDivest Advisors for the sale of certain oil and gas leasehold and related assets spanning multiple counties in Texas, Louisiana and Mississippi.
Marketed: Williston, Powder River Basins 247 Well Package
2024-03-11 - A private seller has retained EnergyNet for the sale of a Williston and Powder River basins 247 well package in Sheridan, Montana, Burke and McKenzie counties, North Dakota and Campbell County, Wyoming.
Marketed: Anadarko Minerals Woodford Shale Opportunity
2024-02-26 - Anadarko Minerals has retained EnergyNet for the sale of a Woodford Shale opportunity in Blaine County, Oklahoma.
Marketed: Anschutz Exploration Six Asset Package in Wyoming
2024-02-26 - Anschutz Exploration Corp. has retained EnergyNet for the sale of six AFE asset packages in Campbell County, Wyoming.