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.
Ramshorn Resources retained Oil & Gas Asset Clearinghouse LLC to market the private sale of an operated working interest package in Kansas’ Barber County.
Highlights:
Asset Overview
- Operated working interest in 50 wells on 19,024 net mineral acres in Barber County, Kansas
- 100% of acreage HBP
- 100% working interest / 83% net revenue interest
- Pipeline and other infrastructure in place to facilitate numerous quantified growth opportunities
- 35 miles of gas pipeline and 35 miles of water pipelines
- Three active gas delivery points to OneOK
Stable Production and Cash Flow
- 23 barrels of oil per month / 622 Mcf of gas per month average net production (May-June)
- $70,000 per month average net operating income (May-June)
- PV-10: $2.7 million (PDP)
Low Risk Development Opportunities
- Low risk development opportunities
- 50 Mississippian vertical PUD locations
- PV-10: $11.8 million
- 19 Woodford horizontal PUD locations
- PV-10: $6.9 million
- 50 Mississippian vertical PUD locations
- De-risked by current production and extensive petrophysical analysis
- 25 sq miles of high-resolution 3D seismic
Bids are due Sept. 30. The transaction is expected to have an Oct. 1 effective date.
A virtual data room is available. For information visit ogclearinghouse.com or contact Tyler Post at tpost@ogclearinghouse.com or 972-736-5814.
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