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.
Stone Hill Exploration and Production has retained EnergyNet for the sale of a Midland Basin 41 well package (11 PDP wells, 5 WIPs and 25 PUD locations) in Howard County, Texas. The lot# 114901 package includes a six-month average free cash flow of $38,688/ month.
Opportunity highlights:
- Non-Operated WI in 11 PDP Wells:
- 10 Wolfcamp A
- 1 Lower Spraberry
- 5 WIPs scheduled to TIL May 2024:
- 2 Dean
- 1 Wolfcamp A / 2 Wolfcamp D
- 25 Addtional PUD Locations:
- 4 Dean
- 5 Lower Spraberry / 6 Middle Spraberry
- 6 Wolfcamp B / 4 Wolfcamp D
- Additional PUD upside in Leonard, Wolfcamp C, and Barnett
- 6-Month Average Free Cash Flow: $38,688/Month
- 6-Month Average 8/8ths Production: 530 BOPD and 1,731 MCFPD
- 6-Month Average Net Production: 22 BOPD and 72 MCFPD
- Operators: Callon Petroleum Operating Company (1) and OXY USA Inc.
- 108.34 Net HBP Leasehold Acres
Bids are due Feb. 22 at 4 p.m. CST. For complete due diligence, please visit energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
Recommended Reading
The Secret to Record US Oil Output? Drilling Efficiencies—EIA
2024-03-06 - Advances in horizontal drilling and fracking technologies are yielding more efficient oil wells in the U.S. even as the rig count plummets, the Energy Information Administration reported.
CERAWeek: CEO Patrick Pouyanné Jokes that Texas is TotalEnergies’ ‘El Dorado’
2024-03-19 - TotalEnergies CEO Patrick Pouyanné said during CERAWeek by S&P Global that Texas was important for his company, which he jokingly called the French company’s “El Dorado” due to the state’s love for oil, gas and renewables.
Exxon, Vitol Execs: Marrying Upstream Assets with Global Trading Prowess
2024-03-24 - Global commodities trading house Vitol likes exposure to the U.S. upstream space—while supermajor producer Exxon Mobil is digging deeper into its trading business, executives said at CERAWeek by S&P Global.
API Gulf Coast Head Touts Global Emissions Benefits of US LNG
2024-04-01 - The U.S. and Louisiana have the ability to change global emissions through the export of LNG, although new applications have been frozen by the Biden administration.
Exclusive: Sponte Operating's Long-haul NatGas Strategy
2024-04-04 - President and CEO of Sponte Operating Chris Widell says the company is pinching back production as gas prices remain on the lower end, but is ready on the operation side when prices come back up in this Hart Energy Exclusive interview.