The following information is provided by Meagher Energy Advisors. All inquiries on the following listings should be directed to Meagher. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions.
Beacon E&P Co. LLC retained Meagher Energy Advisors for the sale of certain nonoperated assets in Oklahoma's Stack and Merge shale plays.
The offer includes assets located in Blaine, Caddo, Canadian, Custer, Dewey, Grady and Kingfisher counties, Okla.
Highlights:
- $1,219,000 per month cash flow and 1,501 net barrels of oil equivalent per day historic 12-month average
- 486 barrels per day (bbl/d) of oil, 3.678 million cubic feet per day of gas and 347 bbl/d of NGL November forecast (net)
- 8,081 net acres, 80% HBP
- Interests in 310 nonoperated wells with 34 horizontals put on production in 2019
- 33 permitted/proposed horizontal wells and an additional 16 wells waiting on completion, set casing or currently being drilled
- Over 1,100 additional horizontal locations in Meramec, Woodford and Osage
- Primary operators include Cimarex Energy Co., Continental Resources Inc., Newfield Exploration (Encana Corp.), Red Bluff Resources Holdings LLC and Unit Petroleum Corp.
- 37 rigs drilling on or within one township of Beacon leasehold
Beacon will consider offers for the entirety or individual areas, Meagher said.
For information visit meagheradvisors.com or contact Teri Williams, Meagher COO, at twilliams@meagheradvisors.com or 918-481-5900.
Recommended Reading
International Battery Metals Names New CEO
2024-06-03 - Iris Jancik will succeed Garry Flowers as IBAT CEO when she takes the helm in mid-August.
Top Exxon Directors Cruise to Re-election Despite Activist Opposition
2024-05-29 - The campaign amounted to a test of whether top fund firms would rally to defend the small shareholders whose resolutions have put topics like the environment and workforce diversity at the center of many corporate annual meetings.
Two Ring Management Leaders Exit, Replacement Search Underway
2024-06-24 - Ring Energy is updating its management team following the departure of two senior executives.
Quantum’s Wil VanLoh on Turning ESG into E$G
2024-05-21 - Wil VanLoh, founder and CEO of Quantum Energy Partners said private companies need to change their mindset on ESG because they’re building a product to sell to public companies — and may be missing out on cost savings.
Regional Banks Take Advantage of Large Lenders’ Oil, Gas Hesitancy
2024-06-06 - Regional banks are picking up market share and rallying the U.S. upstream sector.