The Oil & Gas Asset Clearinghouse, the Houston-based marketing and consulting firm for property acquisitions and divestitures, will hold its 14th hybrid live floor/Internet auction on Wednesday. More than 1,100 oil and gas properties will be combined into 123 lots. The hybrid auction enables Internet bidders to compete real-time against the live auction floor.

Properties in Wednesday’s auction are located in Alabama, California, Colorado, Kansas, Louisiana, Mississippi, North Dakota, Nebraska, New Mexico, Ohio, Oklahoma, Texas, Utah, West Virginia and Wyoming. Sellers include Hunt Oil, 3-TEC Energy, Permian Resources, Dale Resources, TCW, Cortez Oil & Gas and Texaco.

The properties include Hunt Oil’s Bear Creek Field, Bienville Parish, LA; Halliburton’s Broussard Field in Lafayette Parish, LA and Vermilion Block 218 field in Vermilion Parish, LA; Weyerhaeuser Co.’s Beaver Dam Creek Field in St. Helena Parish, LA; 3-TEC’s Lusk Field in Lea County, NM; Permian Resources’ Quail Field and Ranger Lake Field in Lea County, NM and Levelland Field in Cochran County, TX; Kenneth W. Cory’s Mathers Ranch Field in Hemphill County, TX; Cortez’s Howard Glasscock Field in Howard County, TX; Dale Operating’s South Texas ORRI Package and South Texas WI Package; Minnaco Partners’ Powder River Basin coalbed methane ORRI package in Campbell County, WY; and DDD’s Olio Field in Amite County, MS.

Properties may be previewed online through the Data Room Explorer, hosted by the Petroleum Place web site at www.petroleumplace.com. Data Room Explorer captures and presents data in the form of a digital data package, and prospective buyers can search for properties based on specific criteria and view all supporting information such as property data sheets, production reports, lease operating statements and expanded data books. It also expedites due diligence by presenting data in a consistent format. A pre-sale conference will be held from 8 a.m. to 5 p.m. CST Tuesday at the Sheraton North Houston Hotel. All seller files will be available for review at that time. For more information, contact the Clearinghouse at (281) 873-4600.

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