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
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-21 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
2024-04-26 - Record-breaking E&P consolidation is rippling into oilfield services, with much more M&A on the way.