The following information is provided by Oil & Gas Asset Clearinghouse LLC. All inquiries on the following listings should be directed to Clearinghouse. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
H&P Investments LLC retained the Oil & Gas Asset Clearinghouse LLC to market for sale its nonoperated working interest in multiple counties in Oklahoma.
Asset overview:
- Nonoperated working interest in 316 wells
- 48.7% working interest / 39.7% net revenue interest average ownership
- Stable cash flows and production derisked with 149 active wells operated by New Dominion LLC
- Producing primarily from the Hunton-Misener reservoirs
- Rich gas content generates higher effective gas price
- Plant proceeds derived from ethane, propane, butane and C5+
- Up to 2.3 Btu factor
Asset Summary |
|
| Well Count | 316 |
| Net Daily Production | 4.093 MMcfe/d |
| Avg. % WI / NRI | 48.7% / 39.7 % |
| Commodity Split | 97% gas |
| LTM Cash Flow | $4.69 million |
| NTM Cash Flow | $7.04 million |
| PV-10 | $19.4 million |
Bids are due March 17. The transaction is expected to have an effective date of March 1.
A virtual data room is available. For information visit ogclearinghouse.com or contact Chris Dixon at cdixon@ogclearinghouse.com or 281-984-6837.
Recommended Reading
Artificial Lift Firm Flowco’s Stock Surges 23% in First-Day Trading
2025-01-22 - Shares for artificial lift specialist Flowco Holdings spiked 23% in their first day of trading. Flowco CEO Joe Bob Edwards told Hart Energy that the durability of artificial lift and production optimization stands out in the OFS space.
Utica Oil’s Infinity IPO Values its Play at $48,000 per Boe/d
2025-01-30 - Private-equity-backed Infinity Natural Resources’ IPO pricing on Jan. 30 gives a first look into market valuation for Ohio’s new tight-oil Utica play. Public trading is to begin the morning of Jan. 31.
Pearl Again Backs Williston E&P Eagle Mountain Energy Partners
2025-01-16 - Private equity firm Pearl Energy Partners will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners.
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Devon Energy Announces Changes to Executive Leadership Team
2025-01-13 - Among personnel moves, Devon Energy announced John Raines and Trey Lowe have been promoted to senior vice president roles.
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.