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.

GulfTex Energy IV LP retained Meagher Energy Advisors for the sale of a nonoperated package of production and leasehold in Oklahoma's Grady and McClain counties.

Highlights:

  • 2,154 net acres 
  • 65 producing wells
  • Average Working Interest: 3.15% with 75% average Net Revenue Interest
  • Notable operators drilling 8 wells per section; including EOG Resources Inc. and Ovintiv Inc. (fka Encana Corp.)
  • Tier 1 wells and acreage located in Woodford oil window
  • Wells average 70% oil, 15% NGL and 15% dry gas

Production And Cash Flow:

  • March forecast:
    • $644,000 per month operating net cash flow
    • 460 Net barrels per day (bbl/d) of Oil, 832,000 Net cubic feet per day and 128 Net bbl/d NGL

Upside Potential:

  • Term leasehold located over thick Woodford trends
  • IP’s exceed 1,000 barrels of oil equivalent per day and EUR’s greater than 1.2 million barrels of oil equivalent
  • 11 wells in various stages of drilling or completion
  • 39 PUDs with permits or proposals/filings and an additional 217 PUD locations

Bids are due March 5. The transaction is expected to close May 1 with a March 1 effective date.

For information visit meagheradvisors.com or contact Matt Williams, vice president business development Midcontinent, at mwilliams@meagheradvisors.com or 918-481-5900.

Onshore