The following information is provided by BOK Financial Securities Inc. All inquiries on the following listings should be directed to BOK Financial Securities. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
RMX Resources LLC is offering for sale operated properties in the West Whittier Field in California. The company has retained BOK Financial Securities as its exclusive adviser in connection with the sale.
Asset Overview:
- Includes 23 operated producing wells in the West Whittier Field
- Net Production: 212 bbl/d of oil
- PDP R/P: 18.4 years
- Average Interest: 96.3% Working Interest / 82.8% Royalty Interest (86.0% Net Revenue Interest)
- Current Monthly Net Cash Flow: $380,328
- Proven historic production from two fault blocks above and below the Whittier Fault Zone
- 3.9% projected annual decline
- Upside includes additional RTP, recomplete, re-drill objectives and potential for 200 Mcf/d in gas sales upon completion of gas plant reconnection
Process Timeline:
- March 28 – Virtual Data Room Open
- May 11 – Offers Due
For information, contact Jason Reimbold at jreimbold@bokf.com or Jeff Hawes at jhawes@bokf.com.
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