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Orion Exploration Partners LLC (Orion) is offering for sale a 20 well package with Non-Operated WI and ORRI in Logan County, Oklahoma. Lot# 106088 includes 37.2625% to 0.78125% WI / 30.234765% to 0.634766% NRI in 15 wells, and 0.708746% to 0.140625% ORRI in 5 wells. The lot also includes a 6 month average 8/8ths production of 132 bbl/d and 951 Mcf/d, a 6 month average net production of 10 bbl/d and 65 Mcf/d, as well as a 12 month average net income of $26,022/month. Orion has retained EnergyNet as their exclusive advisor relating to the transaction.

EnergyNet Lot 106088
(Source: EnergyNet)

Asset Highlights:

  • 37.2625% to 0.78125% WI / 30.234765% to 0.634766% NRI in 15 Wells:
    • Additional 1.625% to 0.01119% ORRI in 3 Wells
  • 0.708746% to 0.140625% ORRI in 5 Wells:
  • Operators:
    • Chisholm Oil & Gas Operating LLC
    • Contango Resources Inc.
    • Stephens Energy Group LLC
    • Stephens Production Co.
  • 6-Month Average 8/8ths Production: 132 bbl/d and 951 Mcf/d
  • 6-Month Average Net Production: 10 bbl/d and 65 Mcf/d
  • 12-Month Average Net Income: $26,022/Month
  • ~1,637.00 Net Leasehold Acres

Bids for Lot# 106088 are due on June 21 at 1:30 p.m. CDT. For complete due diligence information on this property, please visit http://www.energynet.com or email Ethan House, Managing Director, at Ethan.House@energynet.com.