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
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.
Recommended Reading
Tourmaline Brings on Crew Energy with Close of $950MM Deal
2024-10-07 - Tourmaline Oil is adding about 30,000 boe/d of Montney Shale production with its acquisition of Crew Energy.
Topaz Completes Acquisition of Canadian Royalty Interests from Tourmaline
2024-11-05 - Topaz Energy’s deal to acquire royalty interests from Tourmaline Oil spans across approximately 3 million acres in Western Canada, with over half of the acquired land undeveloped.
Coterra Eyes Wolfcamp D, Penn Shale Upside with $3.95B Permian M&A
2024-11-15 - With $3.95 billion in Permian M&A, Coterra is adding new Delaware Basin locations in the Bone Spring, Harkey and Avalon benches—and eyeing upside from deeper zones.
Asia, EU Buyers Warming Up to US Shale M&A Again—Jefferies
2024-10-29 - Foreign asset buyers are considering U.S. upstream M&A to lower their LNG supply costs and avoid windfall taxes on European operations, Jefferies Managing Director Bill Marko says.
ARC Resources Divests Non-core, Non-Montney Assets
2024-09-05 - ARC Resources did not provide additional information on the divested assets, which the company said had results in proceeds of $59.2 million.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.