"Sellers are having success closing with EnergyNet buyers, and there is no shortage of acquisitive buyers looking for investment opportunities" stated William Britain, Chairman of EnergyNet. In the first six months of 2017, EnergyNet has facilitated $498 million in property divestments for its clients, approaching a 250% increase over 2016. See Exhibit A.
EnergyNet's on-line, continuous marketplace featuring: transparent bid auctions, rapid cycle sealed bids and government lease sales, works well for busy buyers and sellers who would prefer to manage their A&D workflow on their own terms and timetables. EnergyNet has closed 652 deals in nearly every US Basin so far in 2017. See Exhibit B. The upstream A&D market is much more liquid, streamlined and convenient than it was five to ten years ago.
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