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.
Cimarex Energy Co. is considering the sale of certain Midcontinent oil and gas properties and related infrastructure in Oklahoma and Texas and has engaged Meagher Energy Advisors Inc. as its exclusive financial and technical adviser.
Highlights:
- Opportunity to acquire shallow decline, diversified assets comprised of predominantly operated vertical gas wells
- Long life assets with 192 Bcfe in PDP reserves representing an 11-year R/P ratio
- Trailing 12-Month average net production of 47.8 MMcfe/d (75% Gas)
- Estimated January operating EBITDA of $2.04 million and 2021 forecast total cashflow of $23.1 million
- Two gas processing plants and associated gathering systems with an estimated January EBITDA of $401,389 and 2021 forecast total cashflow of $6.5 million
- Over 200,000 net leasehold acres and more than 4,000 net mineral acres
For information visit meagheradvisors.com or contact Teri Williams, COO, at twilliams@meagheradvisors.com.
Recommended Reading
RNG Producer OPAL Recovers 25% of Capex from Tax Credits Sale
2024-09-19 - OPAL Fuels, which sold tax credits for $11.1 million, indicated that its capex for the Emerald RNG facility is approximately $45 million, according TPH & Co.
Worley CEO: Combative Politics Complicating Regulations, Incentives
2024-09-20 - From LNG to direct air capture, Chris Ashton, CEO of Worley, said economic incentives aren’t “on a pace and scale that are necessary for us to move things forward.”
Moelis’ Cantor: Trump to Make American Energy Investable Again
2024-11-06 - Former GOP Majority Leader Eric Cantor, vice chairman and managing partner at Moelis, said EV subsidies are likely to be in the president’s crosshairs in his second term.
Harris or Trump? Majors’ CEOs Say ‘Nothing's Going to Change’
2024-11-05 - The captains of BP, Shell, Petronas and Eni see the U.S. election as a short-term event, although the results could raise tensions with China and put the fate of the Inflation Reduction Act up in the air.
RBAC: Environmental Pressures Undercutting the Global Gas Network
2024-10-10 - RBAC founder and energy economist Robert Brooks worries that environmental goals and pressures have taken a front seat at the expense of affordable energy access to countries such as Africa.