Tech-Enabled Upstream Oil & Gas Acquisition & Divestiture Platform for Asset Deals Valued $20MM to $250MM+

Innovative Refined Approach

EnergyNet Indigo is a technology-enabled platform tailor-made for upstream and midstream energy companies. Indigo offers a complete range of asset divestiture capabilities and strategic advisory services. Our A&D professionals' deep industry relationships and unparalleled market intelligence, combined with our in-house engineering, geology, and commercial expertise have resulted in the successful execution of billions of dollars of U.S. oil and gas asset transactions over the last 20 years. We know that every client mandate requires a hands-on, customized approach and that is exactly what we provide.

Quality Through & Through

EnergyNet Indigo drives superior outcomes for our clients by following our differentiated formula to achieve a successful transaction.

  • Unparalleled market insight and real-time A&D activity
  • Established upstream deal knowledge
  • Access to the industry's largest community of oil, gas, mineral, and energy buyers
  • Seasoned technical team of petroleum engineers and geologists
  • Leading-edge analytics to understand the asset
  • Comprehensive data rooms and management presentations
  • Seamless, customized, and battle-tested competitive selling process
  • Expert negotiation of assets with best terms for a timely closing

Current Opportunities

Concho Royalty Company, LP
2021-12-09 16:00:00

Certain oil and gas properties and related assets located in Various Counties in Texas, Louisiana, New Mexico and Kansas (the "Properties") are being offered by Concho Royalty Company, LP (the "Seller"); EnergyNet has been retained by the Seller as the exclusive advisor to assist with this transaction.

  • Royalty Interest in 878 Properties:
    • Avg RI ~0.22%
    • 821 Producing Properties | 57 Non-Producing Properties
  • Overriding Royalty Interest in 36 Producing Properties:
    • Avg ORRI ~0.27%
  • 6-Month Average 8/8ths Production: 717,635 MCFPD and 41,027 BOPD
  • 6-Month Average Net Income: $150,298/Month
  • Select Operators:
    • EOG Resources, Inc.
    • Marathon Oil Company
    • XTO Energy Inc.
    • Aethon Energy
    • ConocoPhillips
Texas Independent Exploration Limited et al
Delaware Basin
2021-08-25 16:00:00

Certain oil and gas properties and related assets located in the Delaware Basin (the "Properties") are being offered by Texas Independent Exploration Limited et al (the "Seller"); EnergyNet has been retained by the Seller as the exclusive advisor to assist with this transaction.

  • Non-Operated Working Interest in the Karino Unit:
    • 6.286485% to 0.51389% WI / 4.714864% to 0.385418% NRI (BPO)
    • 10 Producing Wells
    • Operator: XTO Energy Inc.
  • 6-Month Average 8/8ths Production: 3,687 BOPD and 5,505 MCFPD
  • 3-Month Average Net Income: $268,856/Month
  • 10 Wells Producing from 4 Main Benches
  • NTM: $3.4MM
  • 21 PUD Locations to be Drilled 2021-2022:
    • Targeting 3 Benches
    • Projected 1st Sales Date: February 2022
    • 10,000' Laterals
  • PV10: $38.0MM
Rockcliff Energy Operating, LLC
East Texas Basin
2021-08-31 14:00:00

Certain oil and gas properties and related assets located in the East Texas Basin (the "Properties") are being offered by Rockcliff Energy Operating, LLC (the "Seller"); EnergyNet has been retained by the Seller as the exclusive advisor to assist with this transaction.

  • Operations in 397 Wells:
    • 100.00% to 50.00% WI / 87.505% to 34.972% NRI
  • Non-Operated Working Interest in 34 Wells:
    • 47.157% to 4.464% WI / 41.141 to 3.539% NRI
  • Royalty/Overriding Royalty Interest in 13 Wells:
    • 9.394% to 0.027% RI/ORRI
  • Q1 2021 Net Operating Cash Flow: ~$367,000/Month
  • Net Production: ~12 MMCF/D and ~31 BO/D
  • ~123,000 Net Leasehold Acres:
    • 73,060 Net Acres in Travis Peak and James Lime Formations
    • 50,028 Net Acres in Cotton Valley Formation
  • Proven Conventional Targets in the Travis Peak, Pettit, and James Lime Formations
  • Significant Workover and Recompletion Opportunities
  • Potential Infill Future Development within Travis Peak, Pettit, and James Lime
EnerVest Energy Institutional Fund IX, L.P.
Utica Shale
2021-10-07 16:00:00

Certain oil and gas properties and related assets located in the Utica Shale (the "Properties") are being offered by EnerVest Energy Institutional Fund IX, L.P. (the "Seller"); EnergyNet has been retained by the Seller as the exclusive advisor to assist with this transaction.

  • 146,053.27 Net Leasehold Acres in Ohio and Pennsylvania (99% HBP)
  • Non-Operated Working Interest in 410 Wells:<
    • 32.889388% to 0.001577% WI / 28.332567% to 0.00138% NRI
    • 395 Producing Wells | 9 Shut-In Wells | 6 DUC Wells
  • Overriding Royalty Interest in 48 Wells:
    • 2.101976% to 0.003364% ORRI
    • 46 Producing Wells | 2 Shut-In Wells
  • Last 6-month average net production of 347,006 MCFPD and 7,984 BOPD
  • 7-Month Average Net Income: $1,265,856/Month
  • PDP Reserves PV10: $95.8 mm
  • PDP + DUC NTM Cash Flow3: $25.7 mm
  • Expansive Utica Acreage Footprint with Significant Undeveloped Potential in Areas Under Active Development
Chevron U.S.A. Inc. and Chevron MidContinent, L.P.
Andrews/Parker Field
2021-10-28 16:00:00

Certain oil and gas properties and related assets located in the Andrews/Parker Field (the "Properties") are being offered by Chevron U.S.A. Inc. and Chevron MidContinent, L.P. (the "Seller"); EnergyNet has been retained by the Seller as the exclusive advisor to assist with this transaction.

  • Legacy Operated Assets with Additional Royalty Interest within the Andrews/Parker Field:
    • 93 Operated Producing Wells with an Average Ownership of ~98% WI and ~87% NRI
    • 9 Royalty Wells with an Average Ownership of ~5%
  • Stable Net Production of ~488 BOEPD (~81% Oil) LTM Average
    • Field Average Annual Decline of ~3%
  • LTM Average Net Cash Flow of ~$168,000/mo
  • ~15,860 Gross Acres / ~13,705 Net Acres
  • San Andres Waterflood Potential
  • Clearfork Up-Hole Behind Pipe Completion
  • Wolfcamp In-Fill Development
  • Infrastructure Designed with Future Development and Capacity Potential

Successful Transactions

Parsley Energy
Big Tex Opportunity
Texas

Operations

Chevron U.S.A. Inc. and Union Oil Company of California
Van Field Opportunity
East Texas

Operations

Non-Operated WI

HBP Leasehold

Mineral Fee

Van Zandt County, Texas

Chevron Corporation
Jo-Mill / Spraberry Fields
Texas

Operations

Leashold

Borden and Dawson Counties, Texas

XTO Energy Inc.
Eagle Ford / Austin Chalk Opportunity
Texas

Operations

Non-Operated Working Interest

Royalty Interest

Override Royalty Interest

Victerra Energy, LLC
Permian Basin / Wolfcamp Shale
Texas

Operations

Leashold

Reeves County, Texas

XTO Energy Inc.
Uinta Basin Opportunity
Utah

Operations

Non-Operated Working Interest

Override Royalty Interest

Noble Energy, Inc.
Permian Basin
Texas

Royalty Interest

Override Royalty Interest

Non-Producing Royalty Interest

Various Counties in Texas

ConocoPhillips
Permian Basin Opportunity
Central Basin

HBP Leasehold Acres

Ector County, Texas

Private Seller
Gulf Coast
Texas and Louisiana

Conventional

Operations

ConocoPhillips
Rockies
Powder River Basin

Unconventional

Non-Producing Leasehold

Johnson and Campbell Counties, Wyoming

Chevron Corporation
Mid-Continent
Central Oklahoma

Waterflood

Operations

Stephens County, Oklahoma

Market Insight Through In-Depth Experience

EnergyNet Indigo is known throughout the industry for consistent deal execution.

EnergyNet Indigo's A&D professionals have an in-depth understanding of today's energy market environment, including key drivers in acquisitions and divestitures, public markets, and commodities. This expertise ensures that all clients are well prepared to evaluate strategic alternatives and make fully informed decisions regarding the path forward for their company.

The EnergyNet Indigo team has experience advising a wide range of companies, including major oil companies, large-cap independents, and private equity sponsors and their portfolio companies. We speak the language of highly technical oil and gas operators and their financial partners.

Analyzing assets, packaging them for sale and running a competitive, fair, structured marketing process all require a significant investment of time and A&D expertise. Working with EnergyNet Indigo enables executive management to focus on other important areas of running a business while the Indigo team works to achieve the highest possible value and best terms for a timely closing.

Our Technical Process

EnergyNet Indigo drives superior outcomes for our clients by following our differentiated formula to achieve a successful transaction.

  • Evaluation engineers and geologists work with the seller to understand the asset prior to the sale
  • Further research is conducted on the asset, the basin, lateral length, proppant per foot, type curve analysis, offset activity, etc.
  • An executive summary/development road map is created to serve as the asset summary
  • The data room presentation is built and shared with prospective buyers (A one to two hour meeting to walk through the asset attributes is encouraged.)
  • Business development and marketing teams reach out to qualified, screened buyers to proactively set up technical meetings

Technical Analysis Services

The Indigo team uses PHDWin, Aries, Spotfire, Enverus Geologic Overviews, Subsurface Analytics, Operator Intelligence, and other proprietary tools to support the valuation and to perform:

  • In-depth reviews of single well economics
  • Detailed reviews of completion metrics
  • Expert analysis of type curves based on year, completions, lateral length, spacing, and proppant per foot
  • Detailed comparisons between operators, reservoirs, fields, and stratigraphic columns for the asset area
  • Creation of engineering reserves databases which calculate and verify lease expense data, shrinks, yields, differentials, and ownership

Our Sales Process

  • Analyze properties for divestiture and develop marketing and technical strategies designed to achieve seller's goals
  • Identify, collect, and organize information needed to prepare offering materials
  • Facilitate, with input from seller, the finalization of engineering including evaluation of upside value
  • Establish timeline goals and identify sale issues
  • Advise on market value estimates based on final engineering/geologic overview, commodity price environment, A&D market activity, and timing assumptions
  • Draft marketing materials, information memorandum, and organize data for data room management presentation
  • Distribute executive summary teasers and promotional materials for broad market exposure
  • Contact select high-impact potential buyers to gauge interest level and ensure offering attention (Subject to seller's prior consent)
  • Coordinate the distribution of confidentiality agreements (in a form provided and approved by Seller) to each potential buyer prior to the receipt of any confidential seller information
  • Manage buyer activity throughout marketing and assist with buyer data needs and information requests
  • Create buyer competitive tension
  • Receive offers and advise seller on companies placing offers and the merits of those offers
  • Facilitate negotiation of offers in collaboration and with guidance from the seller
  • Provide buyer due diligence, PSA negotiation, and consummate closing and funding by buyer and seller

Deal Execution Team

Chris Atherton

Chief Executive Officer and President EnergyNet, Inc.

Chris Atherton is the Chief Executive Officer and President of EnergyNet, Inc, a technology-enabled upstream oil and gas asset acquisition and divestiture platform specializing in auction sales, sealed bid transactions, and government lease sales. He offices in downtown Houston, Texas.

Chris has been part of the EnergyNet team since 2002. He has been actively involved as the firm has completed over $7B in transactions including sell-side mandates from thousands of Exploration and Production clients. Chris leads a multi-disciplinary team of 50 professionals specializing in engineering, geology, land, technical, business development, marketing, IT, and administration. Chris has 20 years of experience in the energy industry. He graduated from Texas State in San Marcos with a business management and marketing degree. Prior to EnergyNet, Chris worked at the Enron Corporation in Houston, Texas.

He recently served as the Chairman of the Wildcatter's Host Committee for the Texas Alliance of Energy Producers and served as the Chairman for the SPE-Gulf Coast Section Business Development Study Group for three years. Chris is also an active member of the IPAA, Texas Energy Alliance, ADAM Houston, ADAM Permian, and Houston Producer's Forum.

Chris holds FINRA Series 63, 22, and 39 licenses.

Check the background of this investment professional on FINRA's BrokerCheck.

Denna Arias

Vice President of Corporate Development EnergyNet, Inc.

Denna joined EnergyNet in 2017 to work with the Business Development team. In January 2020, she took on the role of Vice President of Corporate Development. In this role, Denna is the liaison between the nationwide business development team and EnergyNet's technical team (petroleum engineers, geologists, financial and GIS analysts) to accelerate EnergyNet's strategic initiatives and align company resources to deliver superior results for client success. Denna offices in downtown Houston, Texas.

Prior to joining EnergyNet, she also served as Vice President of Business Development, Business Development Manager and Transaction Manager from 2000-2017 at an oil and gas brokerage firm where she was personally involved with the transaction team closing over ten billion in asset sales. She began her career in E&P working with Engineering, Land & Finance at Swift Energy Company (Silverbow Resources, Inc.) and DDD Energy, a division of Seitel Inc.

Denna holds a BBA in Business Management from LeTourneau University, and a Petroleum Land Management Certification from University of Houston Energy Management.

She is a member of American Association of Professional Landmen (AAPL), HAPL, IPAA, HPF, and TIPRO.

Denna holds FINRA Series 63 and 22 licenses.

Check the background of this investment professional on FINRA's BrokerCheck.

Keith Ries

Vice President of Engineering EnergyNet Technical Team

Keith joined the EnergyNet team in 2019 and works with the Business Development and Transaction management team focusing in asset evaluations, proposals, data room and executive summary presentations. Keith offices in downtown Houston, Texas.

Keith has a Bachelor of Science degree in Petroleum Engineering from The University of Texas at Austin. Prior to joining EnergyNet, Keith served in multiple capacities ranging from reservoir, operations, and production engineering along with corporate reserves, strategy, and business development. His experience spans Lower 48 on both conventional and unconventional assets. Prior to EnergyNet, Keith worked at Linn Energy, Aurora Oil & Gas, Pressler Petroleum Consultants, and ConocoPhillips.

Keith is a member of SPE, IPAA, and HPF.

Jonathan Kalkan

Director of Technical Evaluations EnergyNet Technical Team

Jonathan joined the EnergyNet team in 2021 and currently serves as the Director of Technical Evaluations in EnergyNet's technical department. He offices in Downtown Houston, Texas.

Jonathan has a Master's in Business Administration from the University of Houston Victoria and a Bachelor of Science degree in Finance with a minor in Economics from LeTourneau University. Prior to joining EnergyNet, Jonathan worked in Energy Investment Banking on the A&D Groups of BMO Capital Markets, PJ Solomon, and Barclays. He has $13B+ in publicly closed transaction value in conventional and unconventional upstream A&D, corporate M&A, midstream, and minerals and ORRI. His experience spans Lower 48 and Alaska on both conventional and unconventional assets.

Ankita Sinha

Technical Analyst/Petroleum Engineer EnergyNet Technical Team

Ankita joined EnergyNet in 2018. She works with the Business Development and Technical teams creating asset evaluations, proposals, data room and executive summary presentations. She offices in downtown Houston, Texas.

Ankita received her Master of Arts degree in Petroleum Engineering from University of Oklahoma. She began her career at Halliburton in the Drilling & Completions/Well Services division as a Cementing Engineer.

Ankita is an active member of the Society of Petroleum Engineers and currently serves as the secretary for Firm Speakers Toastmasters.

Ethan D. House

Vice President of Business Development Mid-Continent/Texas Panhandle

Ethan joined EnergyNet in 2002. Ethan is the Vice President of Business Development for the Mid-Continent and Texas Panhandle. He offices in downtown Oklahoma City, Oklahoma.

He graduated from West Texas A&M with a Bachelor of Science in Mass Communications/Marketing and Advertising. Ethan works closely with EnergyNet clients to answer listing questions, review asset divestment packages and marketing strategy as well as general client inquiries.

Ethan currently serves on the Board of the Petroleum Alliance of Oklahoma, Advisory Committee of the ADAM-OKC (Acquisition, Divestment & Mergers) chapter and is a member of the following organizations: AAPL, PAPL, OCAPL, CIPA, Panhandle Producers and Royalty Owners Association (Past Board Member), Texas Alliance of Energy Producers (Past Board Member), IPANM, Wildcatters Club, Mid-Continent Oilmen's Invitational (Current Board Member), Oklahoma Energy Explorers, National Auctioneers Association and the Texas Auctioneers Association. Ethan also volunteers as a guide with the Oklahoma Youth Hunting and Shooting Program and is a Board Member of the Oklahoma Wildlife Conservation Foundation.

He holds three FINRA licenses, 63, 22, and 39. Ethan is also a licensed Texas Auctioneer - Texas Auctioneer #16676.

Check the background of this investment professional on FINRA's BrokerCheck.

Cody Felton

Vice President of Business Development Houston/Eastern States

Cody joined EnergyNet in 2012. He is the Vice President of Business Development managing the Gulf Coast region as well as the Eastern States region. Cody offices in downtown Houston, Texas.

Cody is a Veteran of United States Coast Guard where he served in Washington D.C. in the Presidential Honor Guard and in Houston Texas as a regulatory agent. He graduated from West Texas A&M University in 2004 with a Criminal Justice Degree. He also holds a Master of Business Administration degree from American Military University. Prior to joining EnergyNet, he worked for O'Brien's Response Management as a Project Manager in the regulatory consulting division.

He is the Past Chair for the Society of Petroleum Engineers - Gulf Coast Section BD Group and a member of IPAA and LOGA.

Cody enjoys spending time fishing in Galveston with his family.

Cody holds FINRA Series 63 and 22 licenses.

Check the background of this investment professional on FINRA's BrokerCheck.

Lindsay Ballard

Vice President of Business Development Permian Basin

Lindsay joined the EnergyNet team in 2013. She is the Vice President of Business Development managing the Permian Basin territory for EnergyNet. She offices in Midland, Texas.

She graduated from the University of Texas at Austin with a Bachelor of Science degree in biochemistry and spent two years studying chemical engineering.

Lindsay is an active member of the Petroleum Club of Midland, The Junior League of Midland, Young Professionals in Energy - Midland, Women in Energy Network - Permian Basin, Permian Basin Landman's Association, and Permian Basin Petroleum Association. She serves as a board member for both the Ladies of the Petroleum Club of Midland organization and Go Red for Women, a luncheon benefitting the American Heart Association. Lindsay is the Chairman for IMPACT, a Junior League of Midland community outreach program that mentors freshman females at Midland Freshman High School.

Lindsay holds FINRA Series 63 and 22 licenses.

Check the background of this investment professional on FINRA's BrokerCheck.

Emily McGinley

Director of Business Development Mid-Continent/Texas Panhandle

Emily joined EnergyNet in 2018. She serves as EnergyNet's Director of Business Development for both the Mid-Continent and Texas Panhandle regions. She offices in downtown Oklahoma City, Oklahoma.

Emily graduated from the University of Oklahoma in 2008 with a Bachelor of Science degree in Business Administration in Energy Management. She began her career as a Landman specializing in Mid-Continent asset development for Devon Energy Corporation. After five successful years in Land, Emily transitioned to Devon's Acquisitions and Divestitures group where she spent another five years. During her tenure in A&D, Emily was involved with multiple transactions, covering assets in several basins - the value of which exceeded fourteen billion dollars.

Emily is an active member of Oklahoma Energy Explorers, OIPA, Oklahoma City Association of Petroleum Landmen, American Association of Professional Landmen, and ADAM-OKC.

Check the background of this investment professional on FINRA's BrokerCheck.

Zach Muroff

VP of Business Development Dallas / Fort Worth & East Texas

Zachary joined the EnergyNet team in 2020. He is the Vice President of Business Development for the Dallas-Fort Worth/East Texas area. He offices in the DFW area.

Zachary graduated from the Frank G. Zarb School of Business at Hofstra University in 2006 with a BA in Finance and Business Management. For the past twelve years, he has worked with startups and global software companies in a number of sales and business development roles.

In his free time, he can be found spending time with family and friends, traveling, cheering for Boston sports, trying new foods, and volunteering for community organizations.

Zachary serves on the Steering Committees for ADAM Permian and ADAM Rockies.