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Apache Corp. is selling its non-producing leasehold position covering 34,335.85 net acres, located in Hemphill and Lipscomb counties, Texas.

Property Highlights:

  • 34,335.8505 Net Leasehold Acres:
    • 100% of OGL (Delivering 75% - 80% NRI) | 20%-25% RI
    • 24,850.2121 Net Acres Depth Limited
    • Hemphill County: 26,061.8625 Net Acres
    • Lipscomb County: 8,273.988 Net Acres
    • Seller is willing to Accept Bids on all or any portion of the Leasehold Conveyed Herein
  • Leasehold Expirations:
    • 2018 - 30,912.2459 Net Acres | Majority of Acreage has Option to Extend
    • 2019 - 3,423.6046 Net Acres
  • Offset Activity:
    • 109 (104 Horizontal) Active Area Permits
    • Select Area Operators:
      • BP America Production Co.
      • ConocoPhillips Co.
      • Mewbourne Oil Co.
      • Tecolote Energy Operating LLC

This is a sealed-bid offering. Bids end at 4 p.m. Central on Jan. 31. For complete due diligence information, please visit energynet.com or contact Denna Arias by phone at 281-949-8463, or by email at Denna.Arias@energynet.com. Submit sealed bid offers via email to Cody Felton, vice president of business development, at Cody.Felton@energynet.com.