The following information is provided by PetroDivest Advisors. All inquiries on the following listings should be directed to PetroDivest. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
A private seller retained PetroDivest Advisors to market for sale its oil and gas mineral and royalty interests located in Oklahoma’s Blaine County.
The assets offer an attractive opportunity to acquire exposure to a high interest royalty unit (1.28% average interest) under imminent development and operated by Continental Resources Inc., PetroDivest said. Additionally, the assets comprise one producing and four recently permitted wells with two rigs on location and exposure to strong well results in the prolific overpressured core of the STACK play.
Highlights:
- 133 Net Royalty Acres in Section 14N-13W-01
- Continental Resources operated unit with two rigs on location drilling four recently permitted locations
- High-interest locations (1.3% in future locations)
- ~1.5 million 2022E Cash Flow
- Substantial line-of-sight production and cash flow from four actively drilling wells
- PDP plu Active Drilling PV-10: $3.8 million
- PDP plus Active Drilling Net Reserves: 2.00 Bcfe
- Two additional PUD’s (Mississippian and Woodford)
- 3P PV-10: $5.4 million
- Substantial line-of-sight production and cash flow from four actively drilling wells
- World-Class Well Results Established by Continental
- Continental is the premier Midcon operator with a fantastic track record of well performance in the area, according to PetroDivest
- Strong EURs from the Woodford and Mississippian formations in the overpressured core of the STACK play
- Offset the Simba 1-6-7XHW, with the largest gas EUR in Oklahoma of ~60 Bcfe
Process Summary:
- Evaluation materials available via the Virtual Data Room on Sept. 22
Bids are due Oct. 13. For information visit petrodivest.com or contact Jerry Edrington, director of PetroDivest, at jerry@petrodivest.com or 713-595-1017.
Recommended Reading
Water Management Called ‘Massive Headwind’ for Permian Operators
2024-11-21 - Amanda Brock, CEO of Aris Water Solutions, says multiple answers will be needed to solve the growing amounts of produced water generated by fracking.
E&P Highlights: Sept. 16, 2024
2024-09-16 - Here’s a roundup of the latest E&P headlines, with an update on Hurricane Francine and a major contract between Saipem and QatarEnergy.
Exxon Plans Longest 20,000-Ft Wells on Pioneer’s Midland Asset
2024-11-04 - Exxon Mobil has already drilled some of the longest wells in the New Mexico Delaware Basin. Now, the Texas-based supermajor looks to go longer on Pioneer’s Midland Basin asset.
E&P Highlights: Sept. 23, 2024
2024-09-23 - Here's a roundup of the latest E&P headlines, including Turkey receiving its first floating LNG platform and a partnership between SLB and Aramco.
Now, the Uinta: Drillers are Taking Utah’s Oily Stacked Pay Horizontal, at Last
2024-10-04 - Recently unconstrained by new rail capacity, operators are now putting laterals into the oily, western side of this long-producing basin that comes with little associated gas and little water, making it compete with the Permian Basin.
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.