The following information is provided by Detring Energy Advisors LLC. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
TRP Energy LLC is offering for sale its oil and gas producing properties, leasehold and related assets located in the core of the SCOOP/MERGE plays of the Anadarko Basin, according to Detring Energy Advisors which TRP retained as its exclusive adviser relating to the transaction.
The assets offer an attractive opportunity, Detring said, to acquire operated and nonoperated working interest in roughly 5,700 net acres yielding PDP cash flow of $10 million projected for the next 12-months and a blended, high-margin production base from over 100 horizontal producers. The package also includes a multitude of high-returning development locations across the proven Mississippian and Woodford formations, the firm added.
Highlights:
- Operated and Nonoperated Working Interest Package
- ~5,700 net acres | 98% HBP | >70% operated
- Operated: ~4,200 net acres in Grady and McClain Counties
- Fully HBP and primed for future pad development
- Nonoperated: ~1,500 net acres across the broader SCOOP/MERGE fairway
- Diversified exposure to active, well-capitalized, basin-focused operators including Camino Natural Resources, Citizen Energy, Paloma Partners, Continental Resources and EOG Resources
- Substantial Production Base
- ~760 boe/d (70% liquids) across 104 horizontal wells
- 360 bbl/d of oil, 1.5 MMcf/d of natural gas, 150 bbl/d NGL
- Low annual decline of ~15% (next 12-month PDP)
- PDP PV10 and net reserves of $39 million and 2.8 million boe, respectively
- High-margin base of predictable cash flow
- $10 million next 12-month PDP cash flow
- Low lifting cost of ~$7/boe
- Ample cash flow supports continued development activity
- ~760 boe/d (70% liquids) across 104 horizontal wells
- Significant Resource Potential
- Woodford and Mississippian intervals are de-risked and ready for pad development
- Over 140 highly economic locations boasting 100%+ RORs
- Undeveloped PV-10 and net reserves of $73 million and 15 million boe, respectively
- Ease of operations with established midstream infrastructure and regulatory processes in-place

Process Summary:
- Evaluation materials available via the Virtual Data Room on Jan. 20
- Proposals due on Feb. 23
For information visit detring.com or contact Melinda Faust at mel@detring.com or 512-296-4653.
Recommended Reading
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
US Energy Corp. Closes Divestiture of East Texas Assets
2025-01-07 - U.S. Energy Corp. said proceeds from the divestiture will be used to fund the company’s industrial gas project in Montana.
Amplify Updates $142MM Juniper Deal, Divests in East Texas Haynesville
2025-03-06 - Amplify Energy Corp. is moving forward on a deal to buy Juniper Capital portfolio companies North Peak Oil & Gas Holdings LLC and Century Oil and Gas Holdings LLC in the Denver-Julesburg and Powder River basins for $275.7 million, including debt.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
TotalEnergies Enters 10-Year LNG Supply Deal with Indian E&P
2025-02-12 - Commencing in 2026, TotalEnergies will supply Gujarat State Petroleum Corp. with 400,000 tons of LNG, amounting to six cargoes per year, to terminals on India's west coast.
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.