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.
Foundation Energy Fund V-A has retained EnergyNet for the sale of a 162 Permian Basin opportunity well package in Eddy and Lea counties, New Mexico and Howard County, Texas. The lot# 115859 package includes a 12-month average net income of $59,034/ month.
- Opportunity highlights:
Operated Working Interest in 97 Wells:- Avg WI ~90.86% / Avg NRI ~69.86%
- Non-Operated Working Interest in 59 Wells:
- Avg WI ~51.18% / Avg NRI ~42.65% (BPO)
- An Additional RI/ORRI in 50 Wells
- 3 Wells APO Only
- Select Operators:
- BXP Operating, LLC
- Devon Energy Production Company, LP
- Occidental USA Inc.
- Ovintiv USA Inc.
- Royalty and Overriding Royalty Interest in 6 Wells:
- Avg RI/ORRI 0.60% (BPO)
- 1 Well APO Only
- Operators:
- Ovintiv USA Inc
- Occidental USA Inc.
- Manhattan Petroleum, Inc.
- 12-Month Average Net Income: $59,034/Month
- 3-Years Average Net Income: $148,787/Month
- 6-Month Average 8/8ths Production: 577 bbl/d and 1,835 MMcf/d
- 6-Month Average Net Production: 115 bbl/d and 253 MMcf/d
- Operator Bond Required
Bids are due April 18 at 4 p.m. CDT. For complete due diligence, please visit energynet.com, or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
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