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.
Wasatch Energy Management has retained EnergyNet for the sale of non-operated working interest and royalty opportunities in Duchesne and Uintah counties, Utah. The lot# 114136 package includes a net production of 761 boe/d as of October 2023.
Opportunity highlights:
- Active Duchesne and Uintah Counties, Utah Position
-
- Opportunity to acquire non-operated working interest ownership within an active, developing area in the Uinta Basin
- Average WI of ~9.6% in 40 actively producing horizontal wells
- Net production of ~761 boe/d (~90% oil) as of October 2023
- Concentrated position in Duchesne and Uintah Counties underneath leading Basin Operators XCL Resources and Uinta Wax
- Stacked Upside
-
- Additional 13 permitted locations within the units
- Further 76 stacked upside locations following in-basin development design
- Predictable Production, Opex, and Cash Flow:
-
- PDP net production of ~761 boe/d (~90% oil) as of October 2023
- Favorable midstream contracts with sufficient takeaway capacity, no MVCs, no drilling commitments, and market rates
- PDP NTM cash flow of ~$9.2 MM at current strip pricing
- Ownership is all depths, no depth restriction.
Bids are due Feb. 21 at 4 p.m. CST. For complete due diligence, please visit indigo.energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
Recommended Reading
Sangomar FPSO Arrives Offshore Senegal
2024-02-13 - Woodside’s Sangomar Field on track to start production in mid-2024.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
2024-03-18 - CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
Proven Volumes at Aramco’s Jafurah Field Jump on New Booking Approach
2024-02-27 - Aramco’s addition of 15 Tcf of gas and 2 Bbbl of condensate brings Jafurah’s proven reserves up to 229 Tcf of gas and 75 Bbbl of condensate.
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.
CNOOC Finds Light Crude at Kaiping South Field
2024-03-07 - The deepwater Kaiping South Field in the South China Sea holds at least 100 MMtons of oil equivalent.