In the fall of 2004, Chevron Corporation retained EnergyNet to divest a wide range of interests in 26 states. During the ensuing 6 years, over $100 Million of assets have been successfully marketed via the EnergyNet online auction marketplace.
During the spring of 2008, two similar, Permian Basin property packages were listed both on the EnergyNet Online auction and with the competition by EnCana Oil and Gas. The EnergyNet marketplace generated over $24 Million, surpassing the competition's performance by approximently 25%.
In February 2010, EnergyNet expanded its services to include Sealed-Bid, Negotiated Sales and Technical Evaluations. Capitalizing on the largest online A&D marketplace, EnergyNet brings a new level of service for Sealed-Bid and Negotiated Properties. Recent successful sales include assets in the Permian Basin and the emerging Eagle Ford Shale play. To discuss your sale options, contact your Business Development Representative.