The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Rimrock Resource Partners LLC and Cornerstone Petroleum Midcon LLC are offering for sale certain operated and nonoperated properties in the Midcontinent. The Company has retained RedOaks Energy Advisors as its exclusive adviser in connection with the transaction.
Key Considerations:
- Primarily operated, low-decline conventional asset base across the Eastern Anadarko Basin
- High ownership interests across the asset (average net revenue interest: 83.34%)
- Projected August 2022 net production: 2.2 MMcf/d | 214 bbl/d of liquids | 56 bbl/d of oil
- Next 12-month PDP Cash Flow: $7.9 million
- PDP PV-10: $26.6 million
- Numerous upside opportunities both up- and downhole (PBP PV-10: $35.9 million)
- Horizontal development potential / deep rights available in Carter and Stephens counties
![Hart Energy August 2022 - RedOaks Energy Advisors Marketed Map - Rimrock Resource Partners Cornerstone Petroleum Midcontinent Divestiture](/sites/default/files/inline-images/Hart%20Energy%20August%202022%20-%20RedOaks%20Energy%20Advisors%20Marketed%20Map%20-%20Rimrock%20Resource%20Partners%20Cornerstone%20Petroleum%20Midcontinent%20Divestiture.jpg)
Bids are due Aug. 30. The transaction is expected to have an effective date of Aug. 1.
A virtual data room is available. For information visit redoaksenergyadvisors.com or contact Will McDonald, associate of RedOaks, at Will.McDonald@redoaksadvisors.com or 214-727-4996.
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