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.

Rock Ridge Exploration & Production LLC retained EnergyNet for the sale of a Val Verde Basin opportunity in Edwards County, Texas, through a sealed-bid offering.

Rock Ridge Exploration & Production Val Verde  Basin Asset Map (Source: EnergyNet)

Property Highlights:

  • 100% Working Interest in the Seismic Permit and Lease Option Agreement Covering about 20,618 Gross (15,531 Net) Acres
    • Net Revenue Interest: 80% with a contractual provision to increase to 87.5%
    • Lease Term: Five-year primary with an option to extend by an additional five years (e.g., 10 years total)
    • Preferential Right: 10 years following initial 10-year lease term
  • 45 Active Offset Permits
    • Seven Active | Three Completed | 22 Drilled | 13 Permitted
  • Select Area Operators including Aggietech Oil Ltd., PNP Operating Co. LLC, SNAP Exploration Co. LLC and Texas Secondary Oil Corp.

Bids are due by 4 p.m. CST Feb. 5. For information visit energynet.com or contact Heidi Epstein, manager of business development for EnergyNet, at Heidi.Epstein@energynet.com and Denna Arias, director of transaction management/business development for EnergyNet, at Denna.Arias@energynet.com.