Marketed: Nonop Interest, Woodford Shale/Arkoma Basin Oklahoma, EnergyNet

Oklahoma assets in the Woodford Shale and Arkoma Basin held by Castlerock Resources Inc. and a private seller are on the market through two separate, sealed-bid offerings handled by EnergyNet.

Castlerock is selling working interest in producing assets in the Arkoma Basin operated by a subsidiary of Chesapeake Energy Corp. (NYSE: CHK).

Separately, nonoperated working and royalty interests plus leasehold acreage in Hughes County, Okla., are up for sale and include a stake in producing horizontal Woodford wells.

For information visit energynet.com or contact EnergyNet's Denna Arias at 281-949-8463.

Castlerock—Arkoma Basin

Castlerock Resources is selling its nonoperated working interest in three wells in the Arkoma Basin.

Castlerock Resources - Arkoma Basin - Atoka County, Okla. - Map

The assets are located in Sections 17 and 18-T1N-R13E in Atoka County, Okla., and operated by a subsidiary of Chesapeake Energy.

Highlights:

  • Nonoperated working interest in three producing wells;
    • 6.68124% working interest and 5.045324% net revenue interest in the Alice 1-17 Well;
    • 6.68124% working interest and 5.045324% net revenue interest in the LRJ 1-17 Well;
    • 4.263932% working interest and 3.199081% net revenue interest in the SWL 1-18 Well;
  • 13-month average net income of $11,117 per month;
  • Six-month average 8/8ths production of 4.278 million cubic feet per day (MMcf/d); and
  • Operated by Chesapeake Operating LLC.

Bids are due by 4 p.m. CT July 6.

Undisclosed—Woodford Shale

Undisclosed Seller - Woodford Shale - Hughes County, Okla. - Map

An unnamed entity is selling nonoperated working and royalty interests in the Woodford Shale.

The assets include 40 well locations plus roughly 500 leasehold acres in Hughes.

Highlights:

  • 0.077354%-10.360611% working interest and 0.06285%-8.39192% net revenue interest;
    • 38 producing horizontal Woodford wells;
    • Two permitted horizontal Woodford wells;
  • Additional 1.464844% royalty interest in the five wells;
  • Nine-month average net income of $43,261 per month;
  • Six-month average 8/8ths production of 41.83 MMcf/d and 29 barrels per day of oil;
  • High liquids associated with production (about 119 barrels per MMcf);
  • Operated by Trinity Operating (USG) LLC; and
  • Leasehold acreage comprised of about 335.11 HBP and 204.25 non-producing leasehold acres plus roughly 38.45 acres with an option to extend.

Bids are due by 4 p.m. CT July 11.