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Continuous Online Auction • Rapid-cycle Sealed Bid Sales • Negotiated Sales • State Lease Sales
2nd Quarter, 2016
FEATURED INSIDE
A & D Market Update
BLM and State of Wyoming to Participate in EnergyNet Government Lease Sales Program
First Quarter Review
Marketplace
Our Energy. Our Network. Your Success.
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EnergyNet is proud to announce that the Bureau of Land Management (BLM) and the State of Wyoming Office of State Lands and Investments are now set to conduct oil and gas lease sales through EnergyNet’s online government lease sale site.
Participating in government lease sales is easy on EnergyNet.com:
#1 – Establish a free buyer account at EnergyNet.com. (If you already have a buyer account, skip to #2.) Don’t forget to set a bid allowance on your Buyer’s Homepage after registration.
#2 – Visit the government lease sales section at EnergyNet.com. When you find a sale you want to participate in, click the “Register for Sale” button. Follow all the instructions. You’ll receive a registration number and confirmation email when you’ve registered.
#3 – Visit the tract information page and place a bid when you are ready. You’ll see your total bid calculated before you submit your bid.
BLM and State of Wyoming to Participate inEnergyNet Government Lease Sales Program
A&D Market Update – Spring 2016 By Chris AthertonEnergyNet President
In normal markets, the factors that motivate oil and gas property owners to sell their assets are as varied as there are sellers. In the first few quarters of 2016, debt, solvency and survival will be motivating factors for owners of assets to sell. Not only do potential sellers have to determine what and when to sell, but the options of how to sell have become more critical to achieving the true, maximum market value, as well as achieving certainty of close.
While the broader mergers, acquisitions and divestments market was down some 60% in 2015 compared to 2014, the market for deals valued less than $100 million individually
remained robust. Non-core asset sales, along with issuing equity or debt, are some of the main lifelines E&P producers use to keep their heads above water in this stormy market. Non-core asset sales, by their nature, tend to be scattered properties that are individually valued less than $100 million, and that is where EnergyNet transacts for its clients on the spectrum of the A&D business.
EnergyNet’s sealed bid and auction transaction advisory business demonstrated resilience in a painful 2015. Approximately $285 million in oil and gas assets were closed in 2015, which stands as the firm’s best sales year in its 16-year history, slightly better than the $283.5 million it successfully closed in 2014. Staying flat from 2014 to 2015 is a feat in itself, demonstrating the increased activity in the non-core asset space.
The A&D markets have achieved tremendous efficiency, and many times these non-core assets will receive 10 to 15 offers from competing, qualified bidders ready to close. In order to win the asset, many buyers feel they must pay a premium even in this down market. In the sub $100 million space, assets are not selling for fire-sale prices. Successful buyers, as always, must have a competitive edge. EnergyNet successfully closed 81% of the assets it offered for its clients in 2015.
To see Chris Atherton’s full A&D Market Update, please go to EnergyNet.com/page/news.
First Quarter Review
EnergyNet sold the �rst ever oil and gas property in an online interactive auction in February 2000. Since that time, we have helped our sellers divest more than $1.8 billion in assets – listing more than 48,500 properties. We host the most active online oil and gas marketplace in the world with more than 18,000 active buyers and 5,000 active sellers. We are proud to share our results with you. In 2015, our total sales were $284,885,266. We thank all our buyers and sellers for their con�dence in us.
1ST QUARTER 2016
Total Closed Transactions $53,678,533 Number of Properties Listed 1,926 Number of Sellers 83 Number of Sale Closing Days 32
Upcoming Events
EnergyNet.com, Inc.7201 I-40 West, Suite 319Amarillo, TX 79106(806) 351-2953www.energynet.com
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PAIDAMARILLO, TX
PERMIT NO. 444
Call us at (877) 351-4488 or visit www.energynet.com
CONTACT US TODAY TO DISCUSS YOUR A&D OBJECTIVES!
ENERGYNET’S BUSINESS DEVELOPMENT TEAMPictured left to right: Ryan Dobbs, Chris Atherton, Michael Baker, Ethan House, Lindsay Ballard, Cody Felton and John Klee
Chris Atherton - PresidentCell: (832) [email protected]
MID-CONTINENT / TEXAS PANHANDLEEthan D. House - VP-Business DevelopmentCell: (405) [email protected]
PERMIAN BASIN / EAST TX / NORTH LAMichael Baker - VP-Business Development Cell: (972) 898-5358 [email protected]
ROCKIES/WESTERN U.S.Ryan P. DobbsCell: (720) [email protected]
HOUSTON / EASTERN U.S.Cody FeltonCell: (281) [email protected]
PERMIAN BASIN Lindsay D. BallardCell: (512) [email protected]
John S. Munroe VP-Engineering & Government Lease Sales Cell: (713) 582-7755 [email protected]
John KleeVP-Corporate Business DevelopmentCell: (720) [email protected]
CONTACT US TODAY TO DISCUSS YOUR A&D OBJECTIVES!
