Marketed: Chisholm Oil & Gas STACK Nonop Opportunity

The following information is provided by Stephens Inc. All inquiries on the following listings should be directed to Stephens. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.

Chisholm Oil & Gas LLC retained Stephens Inc. for the sale of a nonoperated opportunity in the STACK play of Oklahoma. The offering comprises a blocky noon position across Oklahoma’s Blaine, Canadian, Garfield, Kingfisher, Logan and Major counties with predictable cash flow and strong operation partners, according to Stephens.

Highlights:

• Approximately 15,000 nonop net acres with strong operator partners focused on the region including Mach Resources, Tapstone Energy, Ovintiv and Chaparral Energy
  • 100% of asset is HBP
  • 83% of acreage is located in Kingfisher County, the core of the STACK play
• Net production of 1,079 boe/d (60% Liquids) as of October 2021
  • Mature PDP assets with predictable cash flow (~12% average annual decline) over next 72 months
• Significant cash flow can organically fund meaningful cash yield or future AFEs; expected NTM1 PDP net cash flow of $9.4 million
• Tangible Mississippian, Woodford and Oswego upside with 168, 29 and 23 gross locations respectively with potential for over 4 million boe gross EUR
• Currently seven rigs are running offsetting the asset footprint; four in Kingfisher, Oklahoma

Purchase-offers are requested by mid-November. The proposed effective date of the transaction is Oct. 1.

A virtual data room is available. For information visit stephens.com or contact Charlie Lapeyre, Stephens managing director and co-head of A&D, at Charlie.Lapeyre@stephens.com or 214-258-2784.