Why Sell with EnergyNet?

Exposure

EnergyNet is the only continuous oil and gas property marketplace that operates all day, every day, with access to 48,000+ unique registered buyers, of which 8,200+ participate monthly. Rapid Sales Cycle Regardless of the number of wells or complexity of the properties, closing a deal with EnergyNet typically takes only 35 days from the receipt of data to funding the transaction. Success-Based Fee EnergyNet is compensated on a success-based commission only, incentivizing all parties to complete a transaction at the highest value. Competition EnergyNet's platform provides greater buyer activity, as measured by the number of bids and unique buyers, maximizing value for the seller. Evaluation Data EnergyNet provides all due diligence material in a secure, consistent, organized, and complete presentation through our Virtual Data Rooms (VDR).

Execution

More than 1,250 transactions close annually on the EnergyNet platform with more than 45,000 properties transaction since inception. That’s an 84% success rate.

Liquidity

EnergyNet has 140+ auction closing days per year (Tuesday - Thursday of every week, additional days when necessary.

How to Sell on EnergyNet

Selling a property on EnergyNet is simple!
  • If you haven't already created a free seller account, your first step is to visit the seller registration page and register.
  • After you have registered, log into your seller account to view and sign the Seller's Agreement on your Seller's Homepage.
  • When you're ready to sell a property, use the EnergyNet Auction Manager to enter information about your properties and submit them to the EnergyNet Land Department.

o The Auction Manager is a powerful tool to help you create a lot, add properties to the lot, and submit the information to the EnergyNet Land Department for review. The process is fast and simple. You will only be asked to enter the most basic information about your properties. Using this tool, you can create a lot in minutes.

EnergyNet Seller Checklist

To sell your properties, EnergyNet would like the following supporting documents to create the due diligence data room for your property package:

  • Signed Seller's Agreement for the Sale of Oil and Gas Properties with an Exhibit A for the properties you are selling
  • Executed and notarized outgoing conveyance instruments with your completed Exhibit A
  • Property/well data sheets (use the EnergyNet Auction Manager to create your lot and add individual properties )
  • Copies of source documents (lease schedule/base lease/assignment up to current owner of record)
  • Lease Operating Statement and copies of revenue/expense detail (checks/, Joint Interest Billing Statements, etc) for the most recent 6 months
  • Copies of marketing contracts and JOAs, if available
  • Maps and plats, if available
  • Change of Operator forms
  • Equipment/asset inventory
  • Economics database
  • Release of lien or mortgage
  • Reserve price, if applicable

The business development representative you are working with will gladly assist you throughout the process to help you assemble the information EnergyNet needs to properly market and sell your property.

Sale Types

EnergyNet sellers enjoy the flexibility of choosing which sale type best suits the asset they are divesting. Your business development representative will help you make the right decision about the sale type for your asset. Here are some general guidelines used to determine an appropriate sale type.

Auction Sales

  • Typically requires a simpler presentation of property information.
  • The asset has more than 75% proven developed production (PDP), with small upside.
  • The only two chief variables are price and effective date.
  • Numerous buyers expected to compete for the asset.

Rapid-cycle Sealed Bid Sales

  • Information about the asset is more complex, requiring a more detailed presentation.
  • The asset has less than 75% proven developed production reserves (PDP).
  • The asset has more than 25% proven undeveloped production (PUD), but greater upside potential.
  • Variables other than price and effective date influence the value of the asset.
  • Fewer buyers are expected to compete for the asset due to its unique characteristics.

Negotiated Sales

  • Has a market value up to and including $250+ million.
  • Requires broad and targeted market exposure due to the upside potential, new drills, workovers, and secondary or tertiary recovery projects.
  • Is operationally and contractually complex, with large amounts of geological, reservoir, production, and land data that require a Virtual Data Room (VDR) to show, and additional time for a buyer to review.
  • 75% or less of the value is associated with Proved Developed Producing (PDP).
  • May include non-producing opportunities that require additional data and explanation.
  • A Confidentiality Agreement (CA) may be required for the release of specific data.
  • A Purchase and Sale Agreement (PSA) is expected for the asset. In the PSA, the buyer and seller spell out specifically what is being purchased and what is not, who is responsible for environmental issues, when the effective date is, and any other issues required about the ownership of the property.
An error has occurred. This application may no longer respond until reloaded. Reload 🗙