Real-Time Auction of O&G Assets Set for April
The Oil & Gas Asset Clearinghouse will hold another
live/Internet energy property auction later this month.
Through an Internet browser, registered on-line bidders will be
able to compete in real-time against both floor and other Internet
bidders. Users must pre-register at www.petroleumplace.com to
participate as an on-line bidder or viewer.
The April 26 auction will feature 1,825 top quality oil and gas
properties, according to the Englewood, CO, clearinghouse company.
It will begin at 9 a.m. at the Sheraton North Houston Hotel in
Houston, TX. Sellers will include: Chesapeake, BP Amoco, Swift
Energy, Apache, Cross Timbers Oil, St. Mary Land & Exploration,
CamWest, Maynard Oil, Fasken Land and Minerals and others. The
properties that will be auctioned are located in a number of
Among the selected offerings will be 58 "exceptional,
higher-valued" properties. These include some Swift Energy fields
in Alabama, Louisiana, Oklahoma, Texas and Wyoming; Cross Timbers'
properties in Colorado and Texas; A.C.T. Operating properties in
New Mexico; Chesapeake properties in Oklahoma; Nadle & Gussman
properties in several counties in Oklahoma; Exploration Venture
Capital's properties in Texas; a Maynard Oil field in Texas;
CamWest properties in Texas; St. Mary Land & Exploration
property in Texas; Simpson Investments' fields in Texas and others.
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