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.
SM Energy Co. retained EnergyNet for the sale of two separate asset packages in the Permian Basin through sealed-bid offerings closing July 7.
The offerings include operations in 14 wells in Howard and Martin counties, Texas, plus another package comprised of nonoperated working interest in 10 wells in Howard County operated by affiliates of Callon Petroleum Co. and Occidental Petroleum Corp. Both packages include HBP leasehold acreage.
Bids for both packages are due at 4 p.m. CST on July 7. For complete due diligence information on any of the packages visit energynet.com or email Lindsay Ballard, vice president of business development, at Lindsay.Ballard@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Lot 82601 (Operated Permian Basin Opportunity)
Highlights:
- Operated Working Interest in 14 Wells in Howard and Martin Counties, Texas:
- 100.00% to 55.531226% Working Interest / 80.00% to 42.203732% Net Revenue Interest (Before Payout)
- 13 Producing Wells | One Non-Producing Well
- Six-Month Average 8/8ths Production: 64 bbl/d of Oil and 143 Mcf/d of Gas
- 596.19 Net HBP Leasehold Acres
- Operator Bond Required
Lot 59277 (Nonoperated Permian Basin Opportunity)
Highlights:
- Nonoperated Working Interest in 10 Producing Wells in Howard County, Texas:
- 35.43849% to 5.058847% Working Interest / 28.3508% to 3.787941% Net Revenue Interest
- Operators: Callon Petroleum Operating Co. and OXY USA Inc.
- Six-Month Average 8/8ths Production: 630 bbl/d of Oil and 1,110 Mcf/d of Gas
- Six-Month Average Net Cash Flow: $104,601/Month
- 632.00 Net HBP Leasehold Acres
Recommended Reading
E&P Highlights: April 8, 2024
2024-04-08 - Here’s a roundup of the latest E&P headlines, including new contract awards and a product launch.
Iraq to Seek Bids for Oil, Gas Contracts April 27
2024-04-18 - Iraq will auction 30 new oil and gas projects in two licensing rounds distributed across the country.
Aker BP’s Hanz Subsea Tieback Goes Onstream
2024-04-22 - AKER BP’s project marks the first time subsea production systems have been reused on the Norwegian Continental Shelf.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.