Hybrid Auction to offer 980 U.S. oil and gas properties

Ray Tyson

Petroleum News Houston correspondent

The next so-called Hybrid Auction, in which participants can bid on U.S. oil and gas properties from the floor or via the Internet, is scheduled for March 10 at the Sheraton North Hotel in Houston, Texas, according to The Oil & Gas Asset Clearinghouse, the auction’s sponsor.

Some 980 properties combined into 143 lots will be offered. The properties are in Arkansas, Kansas, Louisiana, Mississippi, Montana, New Mexico, North Dakota, Oklahoma, Texas and Wyoming. Sellers include major ExxonMobil and independents Range Resources, Britnic Oil & Gas, Premier Energy, Raven Resources, Ward Petroleum and Tulsa Energy Partners.

Properties for the auction can be previewed online through Data Room Explorer on the Clearinghouse website, www.ogclearinghouse.com. Prospective bidders can search for properties based on specific criteria and view all supporting information such as property data sheets, production reports and lease operating statements.

Data rooms, including complete files for most of the notable properties, will be open through March 5. An appointment can be scheduled by calling Clearinghouse at 281-873-4600. A pre-sale conference will be held from 8 a.m. to 5 p.m. March 9 at the Sheraton, and all seller files will be available for review.