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North American Prospect Expo draws $43.5 million in property sales
Ray Tyson Petroleum News Houston correspondent
The Oil & Gas Asset Clearinghouse said it sold more than $43.5 million in U.S. properties at its Feb. 5 Hybrid Auction, held for the fourth year in conjunction with the North American Prospect Expo in Houston, Texas.
The auction, which allows participants to bid from either the floor or via the Internet, offered more than 193 lots with about 415 registered bidders competing, Clearinghouse said, adding that Internet bidders accounted for 26 percent of the total registered bidders. Kansas, Louisiana fields sold Some of the more notable properties sold included Future Oil & Gas’ Drift field in Rawlins County, Kan., for $5.25 million; Enron North America’s Lakeside field in Cameron Parish, La., for $900,000 and Weeks Island field in Iberia Parish, La., for $1.55 million; Long Petroleum’s Holly field in DeSoto Parish, La., for $1.85 million; Lynx Petroleum’s Carlsbad field in Eddy County, N.M., for $2.3 million; MBR Resources’ Mocane Laverne field in Beaver County, Okla., for $625,000; and Carbon Economy’s Laverty field in Caddo County, Okla., for $2.5 million.Oklahoma, Texas fields also find buyers Other notable properties included J&D Energy’s NE Sampsel field in Cimarron County, Okla., for $1 million; Noble Energy’s Aggieland field in Brazos County, Texas, for $2.75 million; Rudman Partnership’s Nan-Su-Gail field in Freestone County, Texas, for $2.9 million; States Ltd.’s Russell N. field in Gaines County, Texas, for $2.37 million; Forest Oil/Maynard Oil’s Von Roeder field in Borden County, Texas, for $500,000; Louisiana Energy’s Malo Domingo field in Karnes County, Texas, for $600,000; and GPC Oil & Gas’ Baker field in Live Oak County, Texas, for $575,000.
The Clearinghouse’s next Hybrid Auction is scheduled for March 10 at the Sheraton North Hotel in Houston. Information regarding the sale can be accessed at www.ogclearinghouse.com.
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