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
  • De-risked by current production and extensive petrophysical analysis
  • 25 sq miles of high-resolution 3D seismic
Clearinghouse Marketed Map - Operated Working Interest Barber County Kansas
(Source: Oil & Gas Asset Clearinghouse LLC)

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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