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.
Sage Natural Resources LLC retained EnergyNet for the sale of a 34 package (ORRI) in Tarrant and Wise counties, Texas. The Lot#114737 package includes a 6- month average net income of $298,277 per month.
Opportunity highlights:
- Overriding Royalty Interest in 34 Wells:
- 10.00% ORRI in 5 Wells
- 3.00% ORRI in 29 Wells
- Wellbore Only
- 6-Month Average Net Income: $298,277/Month
- 6-Month Average 8/8ths Production: 41,488 MCFPD and 438 BOPD
- 6-Month Average Net Production: 1,963 MCFPD and 35 BOPD
Operator: Sage Natural Resources LLC
Bids are due Feb. 15 at 2 p.m. CST. For complete due diligence, please visit energynet.com or email Ethan House, managing director, at Ethan.House@energynet.com, or Jessica Scott, buyer relations, at Jessica.Scott@energynet.com.
Recommended Reading
Sitio Closes D-J Basin Deal, Looks to Defragment Minerals Space
2024-05-09 - Sitio Royalties closed its acquisition of 13,062 net royalty acres. CEO Chris Conoscenti has a strong pipeline of minerals acquisition opportunities.
Civitas, Prioritizing Permian, Jettisons Non-core Colorado Assets
2024-02-27 - After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal.
IOG Resources Acquires Interests from Civitas
2024-05-06 - IOG Resources acquired interests in the Denver-Julesburg Basin from Civitas Resources.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
2024-05-10 - As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.
Minerals Market Growing But Needs More Scale, Consolidation
2024-05-15 - The market value of public minerals and royalties companies has doubled since 2019—but the sector needs to grow even larger to attract generalist investors into the fray, experts say.