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
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
ConocoPhillips Looks to Scale Portfolio, But Citgo Auction Not a Factor
2024-05-15 - ConocoPhillips has a long-term ambition to boost its LNG offtake capacity to between 10 mtpa to 15 mtpa as it keeps a short-term eye on the auction of Citgo Petroleum.
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
2024-04-17 - With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
US NatGas Flows to Freeport LNG Export Plant Drop Near Zero
2024-04-11 - The startup and shutdown of Freeport has in the past had a major impact on U.S. and European gas prices.
Cheniere’s Next Corpus Christi LNG Stage Online by Year-end
2024-05-13 - Cheniere executives are optimistic the first LNG cargo will depart from Train 1 of its Corpus Christi Stage 3 project by the end of 2024, and that the company will bring all seven trains at the project online before the end of 2026.