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.
Unit Petroleum Co. is offering for sale producing operated waterflood and related properties in southwest Oklahoma County, Oklahoma. The company has retained BOK Financial Securities as their exclusive adviser in connection with the sale.
Highlights:
- 44 operated producing wells; 13 active injectors; Five source water wells
- Net production: 302 boe/d (January 2021)
- PDP PV-10: $26.4 million
- Net cash flow: $304,000 (January 2021)
- Annual decline: 3.8%
- PDP R/P: 22 years
![BOK Financial Securities Marketed Map - Unit Petroleum Oklahoma Waterflood Properties](/sites/default/files/inline-images/BOK%20Financial%20Securities%20Marketed%20Map%20-%20Unit%20Petroleum%20Oklahoma%20Waterflood%20Properties.png)
Bids are due May 19. The transaction is expected to have a May 1 effective date.
A virtual data room is available. For information, contact Jason Reimbold at jreimbold@bokf.com or Jeff Hawes at jhawes@bokf.com.
Recommended Reading
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
2024-07-26 - Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
Pemex Hits Debt Target, Struggles to Reverse Production Declines
2024-07-26 - Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines.
Dividends Declared in the Week of July 22
2024-07-25 - Second quarter earnings are underway, and companies are declaring dividends.
NextDecade Appoints Former Exxon Mobil Executive Tarik Skeik as COO
2024-07-25 - Tarik Skeik will take up NextDecade's COO reins roughly two months after the company disclosed it had doubts about remaining a “going concern.”
Freeport LNG Parent Receives Junk-level Credit Score From Fitch
2024-07-25 - Credit-rating firm Fitch Ratings cited the 2 Bcf/d Texas plant’s frequent downtimes among the factors leading to lowering Freeport LNG Investments LLLP’s credit grade on July 25.