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.
Merit Management Partners I LP retained EnergyNet for the sale of nonop Wyoming package through a sealed-bid offering closing Oct. 23.
The offer comprises nonoperated working interest in a 292 well package in the Hamilton Dome Unit and Westate Lease located in Hot Springs County, Wyo. The assets are operated by Merit Energy Co., an affiliate of the seller.
Highlights:
- Production:
- Oil - 2,350 barrels per day (bbl/d) of Oil
- Producers - 191 (about 40% on ESP and 60% on Rod Pump)
- Injection:
- Total injection rate - 85,000 bbl/d of water
- Active Injectors - 74 (61 Phosphoria | 13 Tensleep | 2 Madison | 1 Chugwater)
- Operator:
- Merit Energy has Operated the Field since 1995
- Merit has held the Fieldwide Decline at about 3%
- In 2016, Merit became the Largest Operator in the Basin
- Development Opportunities:
- Recompletions and Stimulation
- Injection Conversion to further optimize Flood Patterns
- Facility Optimization to Minimize Electricity Usage
- Horizontal drilling development - implementing Merit's recent Curtis formation drilling program from nearby Grass Creek Field (average IP's about 250 bbl/day) at Hamilton Dome
Bids are due by 4 p.m. CDT Oct. 23. For complete due diligence information visit energynet.com or email Michael Baker, vice president of business development, at Michael.Baker@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Well Logging Could Get a Makeover
2024-02-27 - Aramco’s KASHF robot, expected to deploy in 2025, will be able to operate in both vertical and horizontal segments of wellbores.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
2024-02-23 - The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
E&P Highlights: Feb. 26, 2024
2024-02-26 - Here’s a roundup of the latest E&P headlines, including interest in some projects changing hands and new contract awards.
Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field
2024-02-27 - Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.