The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
NOGP Operating Co. Inc. retained RedOaks Energy Advisors as the exclusive adviser in connection with the sale of certain operated properties in Oklahoma.
Highlights:
- Operated turn-key asset in Oklahoma’s Kay, Noble, Pawnee and Payne counties (93% Working Interest | 77% Net Revenue Interest)
- 142 square miles of proprietary 3D seismic data available for sale
- ~44,000 gross acres (60% HBP)
- Operator has 100% success rate reworking 29 PDNP wells since operations began July 2019
- Target formations: Mississippi | Red Fork | Woodford
- Next 12-month PDP cash flow: $1.6 million
- Net production: 157 boe/d (54% Liquids)
- PDP PV10: $6.3 million
- 35 return-to-production opportunities (PDNP PV-10 : $11.5 million)
Bids are due by Sept. 14. The transaction is expected to have an Aug. 1 effective date.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
Small Steps: The Continuous Journey of Drilling Automation
2024-12-26 - Incremental improvements in drilling technology lead to significant advancements.
Understanding the Impact of AI and Machine Learning on Operations
2024-12-24 - Advanced digital technologies are irrevocably changing the oil and gas industry.
Permanent Magnets Emerge as a Game-Changer for ESP Technology
2024-12-19 - In 2024, permanent magnet motors installations have ballooned to 11% of electric submersible pump installations, and that number is growing.
Novel EOR Process Could Save Shale from a Dry Future
2024-12-17 - Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
Exclusive: Novi Labs’ Ludwig on AI Preventing Costly Drilling Mistakes
2024-12-12 - Novi Labs President and Co-Founder Jon Ludwig gives insight on how AI and machine learning allow diverse applications for oil and gas operations and less risk for cataclysmic failure, in this Hart Energy Exclusive interview.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.