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.
Kaiser-Francis Oil Co. retained EnergyNet for the sale of a well package in the Anse la Butte oil and gas field in Louisiana through a sealed-bid offering closing May 19.
The offering includes operations in a three well package and one saltwater disposal well plus leasehold acreage in Louisiana’s Lafayette Parish.
Highlights:
- Operated Working Interest in Four Wells:
- 100.00% to 77.6813% Working Interest / 80.06079% to 58.260975% Net Revenue Interest
- Three Producing Wells | One Saltwater Disposal Well
- Six-Month Average 8/8ths Production: 64 bbl/d of Oil
- Eight-Month Average Net Cash Flow: $42,385/Month
- ~62.00 Net Leasehold Acres
- Operator Bond Required
- Mortgage to be Released at Closing
Bids are due by 4 p.m. CST May 19. For complete due diligence information on any of the packages visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Recommended Reading
Diamondback’s Van’t Hof Plays Coy on Potential Delaware Divestiture
2024-05-16 - Diamondback Energy’s President and CFO Kaes Van't Hof also addressed new Permian exploration and the lack of “fun” dealing with the FTC on its deal to buy Endeavor Energy Resources.
FTC Strikes Again: Diamondback’s $26B Endeavor Merger Delayed
2024-04-30 - Diamondback Energy, which was nearing the end of a regulatory review period of its merger with Endeavor Energy Resources, is the latest E&P to see a deal postponed by the Federal Trade Commission.
Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost
2024-04-10 - Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.
Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite
2024-05-01 - Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.
‘Unexpected’ JV to Move Permian NatGas to Gulf Coast LNG Terminals
2024-03-26 - A trio of midstream companies—Enbridge, Whitewater and MPLX—will work together to build infrastructure to transport Permian Basin natural gas to Gulf Coast LNG terminals.