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.
An affiliate of Chaparral Energy Inc. retained EnergyNet for the sale of a northern Anadarko Basin opportunity through a sealed-bid offering closing Oct. 4.
The offering includes operations, nonoperated working interest and overriding royalty interests (ORRI) in more than 200 wells located in multiple Oklahoma counties.
Highlights:
- Operated Working Interest in the Wellbores of 104 Wells:
- 100.00% to 13.125% Working Interest / 87.50% to 10.37712% Net Revenue Interest
- An Additional 6.72448% to 0.17266% ORRI in 35 Wells
- Three Wells Completed in Multiple Formations
- 38 Producing Wells | Eight Saltwater Disposal Wells | One Water Supply Well | 55 Non-Producing Wells | Two Plugged and Abandoned Wells
- Nonoperated Working Interest in the Wellbores of 95 Wells:
- 50.00% to 0.004313% Working Interest / 43.75% to 0.003623% Net Revenue Interest
- An Additional 4.04947% to 0.056372% ORRI in Eight Wells
- The Foster, L.A. #2-21 is Completed in Multiple Zones
- 58 Producing Wells | 33 Non-Producing Wells | Two Shut-In Wells | One Plugged and Abandoned Well | One Temporarily Abandoned Well
- Select Operators include Chesapeake Operating LLC, Devon Energy Production Co. LP, Riviera Operating LLC and Sandridge Exploration & Production LLC
- ORRI in the Wellbores of Seven Wells:
- 3.125% to 0.016382% ORRI
- Five Producing Wells | Two Non-Producing Wells
- Operators include BRG Petroleum LLC, Chesapeake Operating LLC, Cimarex Energy Co. and Riviera Operating LLC
- Six-Month Average 8/8ths Production: 24.406 million cubic feet per day of Gas and 537 barrels per day of Oil
- 10-Month Average Net Cash Flow: $54,495 per Month
Bids are due by 4 p.m. CDT Oct. 4. For complete due diligence information energynet.com or email Ethan House, vice president of business development, at Ethan.House@energynet.com, or Denna Arias, director of transaction management, at Denna.Arias@energynet.com.
Recommended Reading
Dividends Declared Week of Nov. 18
2024-11-22 - Here is a compilation of dividends declared in the week of Nov. 18 from select upstream and service and supply companies for fourth-quarter 2024.
Exclusive: Why Family Offices Favor ‘Lower-Risk’ Oil, Gas Investments
2024-11-22 - Evan Smith, Stephens’ senior vice president for investment banking, describes growth in the company’s network of family offices, specifically those investing in the energy sector, in this Hart Energy Exclusive interview.
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
Expand Energy Announces $500MM Tender Offer for 2026 Notes
2024-11-20 - Expand also issued a conditional notice of redemption for all of its outstanding 8.375% Senior Notes due 2028.
Vistra to Offer Senior Notes for Equity Interest Repayment
2024-11-19 - Vistra Corp. said the proceeds from the offer will be used toward an early payout for the installment purchase of Avenue Capital Management II’s interest in Vistra Vision.