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.
A private seller has retained EnergyNet for the sale of a Williston and Powder River basins 247 well package in Sheridan, Montana, Burke and McKenzie counties, North Dakota and Campbell County, Wyoming. The lot# 114078 package includes a gross production average of 12,000 bbl/ month.
Opportunity highlights:
- Package includes producing conventional oil wells primarily from the Alexander, Dwyer, Flat Lake, Goose Lake, Rival and Rocky Pointe fields
- Op wells average Ownership of ~78% WI & ~60% NRI
- Gross production avg. 12,000 bbl / month
- Avg. gross revenue of $619,400 / month
- ~52,452 net leasehold acres (99% HBP)
- 2024E PDP net production of ~114 Mbbl
- PDP net reserves of 942 MMbbl
- Strong PDP PV10 of $10.5 MM
- Production primarily sourced from Stonewall, Bakken, Ratcliffe, Red River, Madison Pool, Minnelusa reservoirs
- Stable production profile with wells exhibiting average terminal decline of 5%
Bids are due March 12 at 4 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
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
US Gas Rig Count Falls to Lowest Since January 2022
2024-03-22 - The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22.
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.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.