The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Wayfinder Resources Operating and KSE Minerals has retained EnergyNet for the sale of a Mississippian/ Woodford opportunity in Canadian County, Oklahoma. The lot# 116498 package includes a 12-month average net income of $75,089 per month.
![EnergyNet](/sites/default/files/inline-images/116498_map.jpg)
Opportunity Highlights:
- Non-Operated Working Interest in 3 Wells:
- Avg WI ~3.86% / Avg NRI ~2.95%
- An Additional RI/ORRI in 2 Wells
- Royalty and Overriding Royalty Interest in 2 Wells:
- Avg RI ~0.33% / Avg ORRI ~1.35%
- WI Participation in the Lorenzen 7-6-12-8 5WH Well:
- Seller has Elected to Participate
- Section 6: WI 4.539602% / NRI 3.543069% (Subject to Pooling Order)
- Section 7: WI 3.854099% / NRI 2.769941% (Subject to JOA)
- Spud Date: 04-29-2024
- Projected Formation: Woodford
- Total Participation Cost: ~$740,917
- Prior Regulatory Activity for Two Additional Woodford Wells beyond the Current Well Proposal
- 12-Month Average Net Income: $75,089/Month
- 6-Month Average 8/8ths Production: 11,185 MMcf/d and 614 bbl/d of oil.
- 6-Month Average Net Production: 372 MMcf/d and 20 bbl/d of oil.
- Operator: Mach Natural Resources LP
- 106.81 Net HBP Leasehold Acres
- Further subject to Oklahoma State Sales Tax
Bids are due May 14 at 4 p.m. CDT. For complete due diligence, please visit energynet.com or email Zachary Muroff, managing director, at Zachary.Muroff@energynet.com.
Recommended Reading
E&P Highlights: June 4, 2024
2024-06-03 - Here’s a roundup of the latest E&P headlines, with new contracts awarded and larger commitments made for oil and gas exploration in South Korea and Australia.
Empire Petroleum’s Williston Drilling Program Identifies New Zones
2024-05-16 - Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.
E&P Highlights: July 15, 2024
2024-07-15 - Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.
Goodbye Manual Control: Vital Energy’s Automation Program Boosts Production
2024-07-12 - Production, ESP efficiency soared when the company automated decisions with AI at the edge.
E&P Highlights: May 28, 2024
2024-05-28 - Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.