The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Olifant Energy II LLC and OLIPDP I LLC retained Meagher Energy Advisors for the sale of operated STACK production and leasehold in Oklahoma’s Blaine, Custer and Caddo counties.
Highlights:
- 34,469 Mcfe/d September net production consisting of 76% Gas and 20% NGL. 90% of production comes from 29 operated horizontal wells.
- September estimated EBITDA of $3.3MM with a 68% profit margin and a 12-month forecast total PDP net cashflow of $31.6 million.
- 20,000 de-risked, high working interest HBP net acres in core STACK. Concentrated in most active parts of the basin with rigs offsetting acreage.
- 108 Bcfe in PDP reserves representing an 8.5-year R/P ratio. 1P reserves of 410 BCFE for a 32.6 year R/P ratio. Near-term PDP declines approximately 20%.
- 35 operated horizontal locations with reserves totaling 303 Bcfe (73% Gas). Additional 3,000 nonoperated net undeveloped acres.
For information visit meagheradvisors.com or contact Nick Asher, vice president of business development, at nasher@meagheradvisors.com.
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