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
New BOEM Regulations Raise Industry Decommissioning Obligations by $6.9B
2024-04-15 - Under new regulations, the Bureau of Ocean Energy Management estimates the oil and gas industry will be required to provide an additional $6.9 billion in new financial assurances to cover industry decommissioning costs.
BWX Technologies Awarded $45B Contract to Manage Radioactive Cleanup
2024-03-05 - The U.S. Department of Energy’s Office of Environmental Management awarded nuclear technologies company BWX Technologies Inc. a contract worth up to $45 billion for environmental management at the Hanford Site.
Laredo Oil Settles Lawsuit with A&S Minerals, Erehwon
2024-03-12 - Laredo Oil said a confidential settlement agreement resolves a title dispute with Erehwon Oil & Gas LLC and A&S Minerals Development Co. LLC regarding mineral rights in Valley County, Montana.
DOE Considers Technip, LanzaTech For $200MM ‘Breakthrough’ Technology Award
2024-03-25 - The U.S. Department of Energy funding will be used to develop technology that turns CO2 into sustainable ethylene.
US Decision on Venezuelan License to Dictate Production Flow
2024-04-05 - The outlook for Venezuela’s oil industry appears uncertain, Rystad Energy said April 4 in a research report, as a license issued by the U.S. Office of Assets Control (OFAC) is set to expire on April 18.