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Camino Natural Resources retained EnergyNet for the sale of multiple operated and nonoperated opportunities in the Midcontinent region located throughout Oklahoma.
The sale comprises three separate packages totaling 634 wells divided up by the following areas: the Central Oklahoma, Anadarko Basin and Mississippi Lime. Included in the sale are operated working interests, nonoperated working interests, royalty interests and overriding royalty interests (ORRI).
Bids for each package are due at 4 p.m. CDT on March 24. The transactions will have effective dates of Jan. 1. For complete due diligence information visit energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, vice president of corporate development, at Denna.Arias@energynet.com.
Highlights:
Central Oklahoma - 150 Well Package
- Operations in 16 Wells:
- Average Working Interest ~59% / Average Net Revenue Interest ~47%
- Additional 1.56% Royalty Interest in Two Wells
- Additional Average ~0.88% ORRI in Five Wells
- Nonoperating Working Interest in 60 Wells:
- Average Working Interest ~10% / Average Net Revenue Interest ~9%
- Average ~0.27% Royalty Interest in Two Wells
- Average ~0.008% ORRI in Two Wells
- Royalty Interest in 42 Wells:
- Average Royalty Interest ~1.19%
- Additional 0.37% ORRI in Three Wells
- ORRI in 32 Wells:
- Average ORRI ~0.61%
- Six-month Average Net Production: 597 Mcf/d of gas, 45 bbl/d of oil and 42 bbl/d of NGL
- Six-month Average Net Income: $141,671/Month
- Select Operators: Arkoma Operations LLC, Chisholm Oil & Gas Operating LLC, Contango Resources Co. and XTO Energy Inc.
Direct Access to the online data room: https://www.energynet.com/property_information.pl?lot=90561
Anadarko Basin - 415 Well Package
- Operations in 182 Wells:
- Average Working Interest ~66% / Average Net Revenue Interest ~52%
- Additional Average ~1.54% Royalty Interest in 37 Wells
- Additional Average ~1.69% ORRI in 49 Wells
- Wellbore Only
- Nonoperating Working Interest in 166 Wells:
- Average Working Interest ~17% / Average Net Revenue Interest ~13%
- Additional Average ~0.45% Royalty Interest in 9 Wells
- Additional Average ~0.65% ORRI in 17 Wells
- Wellbore Only
- ORRI in 37 Wells:
- Average ORRI ~0.84%
- Additional Average ~0.45% Royalty Interest in 3 Wells
- Wellbore Only
- Royalty Interest in 28 Wells:
- Average Royalty Interest ~1.07%
- Wellbore Only
- Six-month Average 8/8ths Production: 8,751 Mcf/d of gas, 466 bbl/d of NGL and 259 bbl/d of oil
- Six-month Average Net Production: 2,438 Mcf/d of gas, 166 bbl/d of NGL and 84 bbl/d of oil
- Six-month Average Net Income: $350,650/Month
- Select Operators: Mid-Con Energy Operating LLC, P O & G Operating LLC and Teocalli Exploration LLC
Direct Access to the online data room: https://www.energynet.com/property_information.pl?lot=90562
Mississippi Lime - 69 Well Package
- Operations in 22 Wells:
- Average Working Interest ~83% / Average Net Revenue Interest ~69%
- Nonoperating Working Interest in 10 Wells:
- Average Working Interest ~34% / Average Net Revenue Interest ~28.94%
- Additional 3.36% ORRI in 3 Wells
- ORRI in 35 Wells:
- Average ORRI ~3.48%
- Royalty Interest in Two Wells:
- Average Royalty Interest ~0.19%
- Three-month Average Net Production: 250 Mcf/d of gas and 9 bbl/d of NGL
- Three-month Average Net Income: $22,548/Month
- Select Operators: Contango Resources Co. Tapstone Energy LLC and XTO Energy Inc.
Direct Access to the online data room: https://www.energynet.com/property_information.pl?lot=90563
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