The following information is provided by RedOaks Energy Advisors. 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.
SNR Operating LLC retained RedOaks Energy Advisors as its exclusive advisor in connection with the sale of certain operated properties in Sumner and Cowley counties, Kansas. The properties include an operated working interest in 5,178 net acres producing approximately 109 bbl/d.
Key considerations:
- Opportunity to acquire an operated Cherokee Platform position with shallow decline
- 5,969 gross | 5,178 net acres (100% HBP)
- 71 active producers | 17 active SWDs / water injection wells (avg. Lease WI: 97% NRI:79%)
- Current net daily production: 109 Bopd (100% Oil)
- NTM PDP net cash flow: $1.8 MM
- PDP PV-10: $8.1 MM
- Significant remaining upside inventory
- Multiple behind-pipe and return-to-production projects
- Infill development: numerous 40-acre Mississippian drilling locations
Bids are due at noon CDT on Feb. 28. Upon execution of a confidentiality agreement, RedOaks will provide access to the Virtual Data Room, which opens Jan. 27.
For more information visit redoaksenergyadvisors.com or contact Will McDonald, vice president at RedOaks Energy Advisors, at will.mcdonald@redoaksadvisors.com or 214-727-4996.
Recommended Reading
Florida Fuel Distributors Palmdale, Combs Oil Merge
2025-01-08 - Palmdale Oil’s acquisition of Combs Oil Co. combines two Florida-based fuels and refined products distributors.
Oil States Closes $24.8MM Ship Channel Sale
2024-12-18 - Oil States International Inc. said proceeds from the “previously idled” Houston Ship Channel facility’s sale will be used toward debt reduction.
ConocoPhillips Completes $22.5B Acquisition of Marathon
2024-11-22 - ConocoPhillips CEO Ryan Lance said he expects synergies of more than $1 billion on a run rate basis over the next 12 months.
Orion Acquires SCOOP/STACK Interests, Pursuing Permian Deals
2024-11-11 - Orion Diversified Holding Co. is pursuing negotiations with several oil companies in the Permian Basin to acquire oil and gas assets, the company’s CEO said.
Kosmos Breaks Off Talks to Acquire UK’s Tullow
2024-12-17 - Kosmos Energy Ltd. gave no reason for breaking off acquisition talks with Tullow Oil, which the companies had said were at a preliminary stage.
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.